trending Market Intelligence /marketintelligence/en/news-insights/trending/T1S2qhCT20tCMhyQ2CxZ6w2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Concrete Credit fiscal Q1 profit falls YOY

Blog

Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021

Six trends shaping the industries and sectors we cover in 2021

Blog

CUSIP Request Volume Surges in December, Pushing Full-Year 2020 Volumes Past 2019 Totals


Concrete Credit fiscal Q1 profit falls YOY

Concrete Credit Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 31,250 rupees, a fall of 25.4% from 41,880 rupees in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 0.7% from 0.2% in the year-earlier period.

Total revenue decreased 76.3% on an annual basis to 4.4 million rupees from 18.5 million rupees, and total operating expenses decreased 76.5% from the prior-year period to 4.3 million rupees from 18.5 million rupees.

Reported net income totaled 35,000 rupees, compared with 47,000 rupees, or 1 paise per share, in the prior-year period.

As of Aug. 12, US$1 was equivalent to 64.75 Indian rupees.