trending Market Intelligence /marketintelligence/en/news-insights/trending/wZTXTD4d-vbTKnwUn3Y52Q2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Samkrg Pistons & Rings profit misses consensus by 49.5% in fiscal Q4

Gold RRS 2020 — Top Gold Producers' Reserves In Decline

Infrastructure Issues: Understanding and Mitigating Risks

Trade Payment Risk Is Not Necessarily Default Risk

COVID-19: How can we tell which Local Governments will be most impacted by the Pandemic?

Samkrg Pistons & Rings profit misses consensus by 49.5% in fiscal Q4

Samkrg Pistons and Rings Ltd said its normalized net income for the fiscal fourth quarter ended March 31 was 1.83 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 3.63 rupees per share.

EPS decreased 29.2% year over year from 2.59 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 15.7 million rupees, a decline of 38.1% from 25.4 million rupees in the prior-year period.

The normalized profit margin fell to 3.0% from 4.9% in the year-earlier period.

Total revenue totaled 523.0 million rupees, compared with 522.7 million rupees in the year-earlier period, and total operating expenses came to 483.1 million rupees, compared with 483.0 million rupees in the prior-year period.

Reported net income declined 55.0% from the prior-year period to 14.7 million rupees, or 1.71 rupees per share, from 32.6 million rupees, or 3.32 rupees per share.

For the year, the company's normalized net income totaled 11.46 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 14.68 rupees.

EPS rose 20.2% from 9.53 rupees in the prior year.

Normalized net income was 112.6 million rupees, a gain of 20.2% from 93.7 million rupees in the prior year.

Full-year total revenue grew 13.1% on an annual basis to 2.32 billion rupees from 2.06 billion rupees, and total operating expenses increased 12.9% on an annual basis to 2.10 billion rupees from 1.86 billion rupees.

The company said reported net income rose 14.6% on an annual basis to 123.2 million rupees, or 12.54 rupees per share, in the full year, from 107.5 million rupees, or 10.94 rupees per share.

As of May 25, US$1 was equivalent to 63.59 Indian rupees.