trending Market Intelligence /marketintelligence/en/news-insights/trending/RPdPBLvg64R1Ur6jOUMP7w2 content esgSubNav
In This List

CCL Products (India) profit beats consensus by 15.5% in fiscal Q2

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

Volume of Investment Research Reports on Inflation Increased in Q4 2021


CCL Products (India) profit beats consensus by 15.5% in fiscal Q2

CCL Products (India) Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 was 1.82 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 1.58 rupees per share.

EPS increased 63.6% year over year from 1.12 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 243.3 million rupees, an increase of 63.7% from 148.6 million rupees in the year-earlier period.

The normalized profit margin climbed to 9.8% from 8.9% in the year-earlier period.

Total revenue climbed 48.9% on an annual basis to 2.47 billion rupees from 1.66 billion rupees, and total operating expenses climbed 48.2% from the prior-year period to 2.06 billion rupees from 1.39 billion rupees.

Reported net income rose 56.9% year over year to 261.4 million rupees, or 1.96 rupees per share, from 166.6 million rupees, or 1.25 rupees per share.

As of Oct. 28, US$1 was equivalent to 61.19 Indian rupees.