trending Market Intelligence /marketintelligence/en/news-insights/trending/pLUEC8h1R0f7UAdiBSBTgQ2 content esgSubNav
In This List

Anjani Foods fiscal Q1 loss widens YOY

Blog

Municipal CUSIP Request Volumes Climbs for Fourth Straight Month

Blog

Metals & Mining Insights May 2021

Blog

European Energy Insights - May 2021

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective


Anjani Foods fiscal Q1 loss widens YOY

Anjani Foods Ltd. said its normalized net income for the fiscal first quarter ended June 30 was a loss of 21 Indian paise per share, compared with a loss of 1 paise 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 822,500 rupees, compared with a loss of 46,250 rupees in the year-earlier period.

The normalized profit margin declined to negative 1.6% from negative 0.1% in the year-earlier period.

Total revenue rose 11.3% on an annual basis to 49.9 million rupees from 44.8 million rupees, and total operating expenses rose 8.3% on an annual basis to 51.1 million rupees from 47.2 million rupees.

Reported net income totaled a loss of 1.7 million rupees, or a loss of 43 paise per share, compared to a loss of 5.2 million rupees, or a loss of 1.31 rupees per share, in the prior-year period.

As of Aug. 13, US$1 was equivalent to 61.07 Indian rupees.