trending Market Intelligence /marketintelligence/en/news-insights/trending/pdjNCkkHF0EVO9ijTfmquA2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Educomp Solutions fiscal Q1 loss narrows YOY


Understanding the Basics of Social Housing Providers and Associations (SHPAs)


Tech in Banking: An Age of Digital Disruption


COVID-19 Impact & Recovery: LCD Outlook for H2 2021


COVID 19 Impact Recovery Media Telecom and Technology Outlook for H2 2021

Educomp Solutions fiscal Q1 loss narrows YOY

Educomp Solutions Ltd said its normalized net income for the fiscal first quarter ended June 30 was a loss of 3.63 Indian rupees per share, compared with a loss of 4.89 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 444.5 million rupees, compared with a loss of 598.8 million rupees in the prior-year period.

The normalized profit margin climbed to negative 31.0% from negative 41.7% in the year-earlier period.

Total revenue totaled 1.43 billion rupees, compared with 1.44 billion rupees in the prior-year period, and total operating expenses declined from the prior-year period to 1.51 billion rupees from 1.55 billion rupees.

Reported net income totaled a loss of 852.6 million rupees, or a loss of 6.96 rupees per share, compared to a loss of 3.44 billion rupees, or a loss of 28.08 rupees per share, in the prior-year period.

As of Aug. 14, US$1 was equivalent to 65.08 Indian rupees.