trending Market Intelligence /marketintelligence/en/news-insights/trending/uVERRgantE07h3OVVyTwmA2 content esgSubNav
In This List

Maris Spinners fiscal Q1 profit falls YOY

Blog

Points Of No Return: Loyalty Ventures Inc.’s Financial Tailspin

Podcast

MediaTalk | Season 2
Ep.8 The Masters Returns

Case Study

A Sports League Maximizes Revenue from Media Rights

Case Study

A Large Latin American Multilateral Development Bank Accurately Estimates Capital Requirements


Maris Spinners fiscal Q1 profit falls YOY

Maris Spinners Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 14.7 million rupees, a decline of 16.7% from 17.6 million 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 fell to 4.8% from 6.3% in the year-earlier period.

Total revenue grew 8.4% year over year to 302.6 million rupees from 279.2 million rupees, and total operating expenses grew 13.2% year over year to 262.3 million rupees from 231.8 million rupees.

Reported net income came to 19.8 million rupees, compared with 28.2 million rupees in the prior-year period.

As of July 31, US$1 was equivalent to 60.88 Indian rupees.