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Thangamayil Jewellery swings to loss in fiscal Q1

4913512 said its normalized net income for the fiscal first quarter ended June 30 came to a loss of 2.80 Indian rupees per share, compared with 8.14 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 a loss of 38.5 million rupees, compared with income of 111.6 million rupees in the prior-year period.

The normalized profit margin dropped to negative 1.0% from 2.6% in the year-earlier period.

Total revenue decreased 12.7% on an annual basis to 3.71 billion rupees from 4.25 billion rupees, and total operating expenses fell 6.8% from the prior-year period to 3.71 billion rupees from 3.98 billion rupees.

eported net income came to a loss of 39.8 million rupees Thangamayil Jewellery Ltd..