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Sri Ramakrishna Mills fiscal Q1 loss narrows YOY

4910986 said its normalized net income for the fiscal first quarter ended June 30 came to a loss of 76 Indian paise per share, compared with a loss of 1.39 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 5.4 million rupees, compared with a loss of 9.9 million rupees in the prior-year period.

The normalized profit margin dropped to negative 17.0% from negative 15.8% in the year-earlier period.

Total revenue fell 49.5% on an annual basis to 31.7 million rupees from 62.8 million rupees, and total operating expenses fell 52.9% on an annual basis to 33.1 million rupees from 70.2 million rupees.

eported net income came to a loss of 8.6 million rupees, o Sri Ramakrishna Mills (Coimbatore) Ltd.