trending Market Intelligence /marketintelligence/en/news-insights/trending/xmVrTMkE_FgH4FXUT2hZgA2 content esgSubNav
In This List

Vaibhav Global fiscal Q1 profit falls YOY

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

SVOD players open to hybrid models; Netflix and Disney to add ad-supported plans

Blog

Does Disney+ Hotstar minus IPL equal trouble for the streaming giant?

Blog

Broadband revenues continue to grow in CEE


Vaibhav Global fiscal Q1 profit falls YOY

Vaibhav Global Ltd said its normalized net income for the fiscal first quarter ended June 30 came to 4.88 Indian rupees per share, a decrease of 37.8% from 7.84 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 158.8 million rupees, a decline of 37.7% from 254.8 million rupees in the prior-year period.

The normalized profit margin dropped to 5.3% from 10.2% in the year-earlier period.

Total revenue increased 20.3% year over year to 3.01 billion rupees from 2.51 billion rupees, and total operating expenses grew 27.5% year over year to 2.77 billion rupees from 2.17 billion rupees.

Reported net income decreased 45.5% on an annual basis to 218.2 million rupees, or 6.70 rupees per share, from 400.3 million rupees, or 12.31 rupees per share.

As of July 25, US$1 was equivalent to 60.01 Indian rupees.