trending Market Intelligence /marketintelligence/en/news-insights/trending/QGsZIqeaV_xw6pWY2jVTKQ2 content esgSubNav
In This List

Divya Jyoti Industries fiscal Q1 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Divya Jyoti Industries fiscal Q1 profit falls YOY

Divya Jyoti Industries Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 665,630 rupees, a decline of 65.0% from 1.9 million rupees in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to 0.3% from 0.4% in the year-earlier period.

Total revenue fell 54.6% year over year to 244.6 million rupees from 538.8 million rupees, and total operating expenses decreased 55.8% year over year to 232.5 million rupees from 525.8 million rupees.

Reported net income totaled 1.1 million rupees, compared with 3.0 million rupees in the prior-year period.

As of Aug. 11, US$1 was equivalent to 61.19 Indian rupees.