trending Market Intelligence /marketintelligence/en/news-insights/trending/Qqj-_DF54ZIjcoNwH91xzw2 content esgSubNav
In This List

STI India fiscal Q1 loss narrows YOY

Blog

Municipal CUSIP Request Volumes Climbs for Fourth Straight Month

Blog

European Energy Insights - May 2021

Blog

Metals & Mining Insights May 2021

Blog

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


STI India fiscal Q1 loss narrows YOY

STI India Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to a loss of 20 Indian paise per share, compared with a loss of 68 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 5.9 million rupees, compared with a loss of 19.9 million rupees in the prior-year period.

The normalized profit margin climbed to negative 4.0% from negative 18.2% in the year-earlier period.

Total revenue grew 35.8% year over year to 148.5 million rupees from 109.3 million rupees, and total operating expenses increased 11.9% from the prior-year period to 159.1 million rupees from 142.2 million rupees.

Reported net income came to a loss of 7.8 million rupees, or a loss of 26 paise per share, compared to a loss of 24.7 million rupees, or a loss of 85 paise per share, in the prior-year period.

As of July 30, US$1 was equivalent to 60.35 Indian rupees.