trending Market Intelligence /marketintelligence/en/news-insights/trending/rILz4OnJdm0Tp508SI67zw2 content esgSubNav
In This List

Eastern Treads fiscal Q1 profit falls YOY

Research

Foreign Brokers, Fish out of Water in China Market?

Blog

Investment Banking Essentials Newsletter: June Edition, Part - 2

Blog

Banking Essentials Newsletter: June Edition, Part - 2

Blog

Insight Weekly: Fed's policy stance; overdrafts under scrutiny; energy stocks rally


Eastern Treads fiscal Q1 profit falls YOY

Eastern Treads Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 60 Indian paise per share, a decrease of 40.0% from 100 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.2 million rupees, a decline of 39.1% from 5.3 million rupees in the prior-year period.

The normalized profit margin declined to 1.3% from 2.6% in the year-earlier period.

Total revenue climbed 20.8% year over year to 249.9 million rupees from 206.9 million rupees, and total operating expenses increased 20.3% on an annual basis to 241.6 million rupees from 200.9 million rupees.

Reported net income rose 97.7% from the prior-year period to 10.0 million rupees, or 1.87 rupees per share, from 5.1 million rupees, or 96 paise per share.

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