trending Market Intelligence /marketintelligence/en/news-insights/trending/T1S2qhCT20tCMhyQ2CxZ6w2 content esgSubNav
In This List

Concrete Credit fiscal Q1 profit falls YOY

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Global M&A By the Numbers: Q1 2022

Blog

Insight Weekly: Earnings forecasts for US banks; corporate deleveraging; LatAm currency gains

Blog

Insight Weekly: M&A slows down; climate tops proxy season; private equity pours into blockchain


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.