trending Market Intelligence /marketintelligence/en/news-insights/trending/x73JGDWPWSp7T8cKIK_qLg2 content esgSubNav
In This List

Tatia Global Vennture swings to profit in fiscal Q3

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


Tatia Global Vennture swings to profit in fiscal Q3

Tatia Global Vennture Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 4 Indian paise per share, compared with a loss of 11 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 6.3 million rupees, compared with a loss of 15.9 million rupees in the prior-year period.

The normalized profit margin rose to 56.4% from negative 99.8% in the year-earlier period.

Total revenue declined 30.1% year over year to 11.1 million rupees from 15.9 million rupees, and total operating expenses decreased 97.4% year over year to 1.1 million rupees from 41.3 million rupees.

Reported net income totaled 9.3 million rupees, or 6 paise per share, compared to a loss of 25.4 million rupees, or a loss of 17 paise per share, in the year-earlier period.

As of Jan. 29, US$1 was equivalent to 61.78 Indian rupees.