trending Market Intelligence /marketintelligence/en/news-insights/trending/q9ohe9d_A3wINcPeCPHJzw2 content esgSubNav
In This List

Rasoya Proteins swings to loss in fiscal Q1

Blog

Investment Banking Essentials: February 21

Case Study

The informativeness of research reports – Case Study on Real Estate

Blog

Golden Developing Solutions, Inc.: Up in Smoke

Blog

Private Credit Investors and Sustainability


Rasoya Proteins swings to loss in fiscal Q1

Rasoya Proteins Ltd said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of 18 Indian paise per share, compared with 9 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 307.7 million rupees, compared with income of 141.6 million rupees in the prior-year period.

The normalized profit margin fell to negative 184.9% from 3.8% in the year-earlier period.

Total revenue fell 95.5% on an annual basis to 166.4 million rupees from 3.73 billion rupees, and total operating expenses decreased 81.6% from the prior-year period to 627.9 million rupees from 3.40 billion rupees.

Reported net income came to a loss of 491.4 million rupees, or a loss of 29 paise per share, compared to income of 198.3 million rupees, or 12 paise per share, in the year-earlier period.

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