trending Market Intelligence /marketintelligence/en/news-insights/trending/uM9K4-YU7EUE_qnhFJVPYA2 content esgSubNav
In This List

Nagreeka Exports fiscal Q3 profit falls 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


Nagreeka Exports fiscal Q3 profit falls YOY

Nagreeka Exports Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 23 Indian paise per share, a decline of 77.3% from 1.02 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 2.9 million rupees, a decline of 77.4% from 12.8 million rupees in the year-earlier period.

The normalized profit margin declined to 0.2% from 0.9% in the year-earlier period.

Total revenue decreased on an annual basis to 1.34 billion rupees from 1.38 billion rupees, and total operating expenses declined from the prior-year period to 1.28 billion rupees from 1.34 billion rupees.

Reported net income fell 77.4% year over year to 4.6 million rupees, or 37 paise per share, from 20.4 million rupees, or 1.63 rupees per share.

As of Feb. 10, US$1 was equivalent to 62.38 Indian rupees.