trending Market Intelligence /marketintelligence/en/news-insights/trending/UFCKvz0jBplTZnAZJGDnQA2 content esgSubNav
In This List

APM Industries fiscal Q1 profit falls YOY


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


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


World Exploration Trends 2022


Infographic: Spotlight: Philippine Battery Metals Outlook

APM Industries fiscal Q1 profit falls YOY

APM Industries Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 2.11 Indian rupees per share, a decline of 22.4% from 2.72 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 45.8 million rupees, a decline of 22.3% from 58.9 million rupees in the year-earlier period.

The normalized profit margin declined to 5.8% from 7.5% in the year-earlier period.

Total revenue came to 782.2 million rupees, compared with 788.1 million rupees in the year-earlier period, and total operating expenses grew on an annual basis to 712.5 million rupees from 694.0 million rupees.

Reported net income decreased 16.9% from the prior-year period to 48.7 million rupees, or 2.25 rupees per share, from 58.6 million rupees, or 2.71 rupees per share.

As of Aug. 7, US$1 was equivalent to 61.24 Indian rupees.