trending Market Intelligence /marketintelligence/en/news-insights/trending/SpNJyhV-nssFcvo-Fx6Oxg2 content esgSubNav
In This List

Jagan Lamps fiscal Q1 profit falls YOY

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Podcast

Next in Tech | Episode 71: Buy Now Pay Later: More than modern layaway?

Blog

World Exploration Trends 2022

Blog

Infographic: Spotlight: Philippine Battery Metals Outlook


Jagan Lamps fiscal Q1 profit falls YOY

Jagan Lamps Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 1.2 million rupees, a fall of 34.3% from 1.8 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 3.6% from 4.2% in the year-earlier period.

Total revenue fell 22.3% on an annual basis to 32.8 million rupees from 42.2 million rupees, and total operating expenses decreased 21.5% year over year to 30.9 million rupees from 39.3 million rupees.

Reported net income totaled 1.3 million rupees, compared with 1.4 million rupees in the year-earlier period.

As of July 31, US$1 was equivalent to 60.88 Indian rupees.