trending Market Intelligence /marketintelligence/en/news-insights/trending/wum-JOJh1Qdd7H0mH60PKA2 content esgSubNav
In This List

Jindal Hotels fiscal Q1 profit falls YOY

Blog

Essential Government & Regulatory Insights July 2021

Blog

Essential Government & Regulatory Insights June 2021

Blog

Over 150 state-level energy-related measures enacted during Q2'21

Blog

Insight Weekly: Earnings learnings; Duke Energy hits back; PE activity surges


Jindal Hotels fiscal Q1 profit falls YOY

Jindal Hotels Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 21 Indian paise per share, a decline of 51.6% from 44 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.3 million rupees, a decline of 51.5% from 2.6 million rupees in the year-earlier period.

The normalized profit margin fell to 2.0% from 4.2% in the year-earlier period.

Total revenue rose year over year to 64.0 million rupees from 61.5 million rupees, and total operating expenses grew 9.2% year over year to 51.5 million rupees from 47.2 million rupees.

Reported net income fell 76.2% from the prior-year period to 600,000 rupees, or 10 paise per share, from 2.5 million rupees, or 42 paise per share.

As of July 24, US$1 was equivalent to 60.11 Indian rupees.