trending Market Intelligence /marketintelligence/en/news-insights/trending/ST_ofrzYgs7TPA9sIDNefQ2 content esgSubNav
In This List

Eastern Silk Industries fiscal Q3 loss narrows YOY

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

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Eastern Silk Industries fiscal Q3 loss narrows YOY

Eastern Silk Industries Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was a loss of 23 Indian paise per share, compared with a loss of 1.06 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 18.5 million rupees, compared with a loss of 83.5 million rupees in the year-earlier period.

The normalized profit margin increased to negative 12.2% from negative 37.4% in the year-earlier period.

Total revenue declined 32.3% year over year to 151.3 million rupees from 223.5 million rupees, and total operating expenses fell 29.1% from the prior-year period to 177.7 million rupees from 250.7 million rupees.

Reported net income came to a loss of 29.6 million rupees, or a loss of 37 paise per share, compared to a loss of 133.6 million rupees, or a loss of 1.69 rupees per share, in the year-earlier period.

As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.