trending Market Intelligence /marketintelligence/en/news-insights/trending/xq44Wwn_h1Fdv_Ihd44u9A2 content esgSubNav
In This List

Century Enka fiscal Q1 profit falls YOY

Blog

Municipal CUSIP Request Volumes Climbs for Fourth Straight Month

Blog

Corporate Credit Risk Trends in Developing Markets: An Expected Credit Loss (ECL) Perspective

Video

Root & Branch - June 2021: Greenium, Transparency and Advent

Blog

LCD Monthly: ESG Sustainability linked bonds offer pricing perk


Century Enka fiscal Q1 profit falls YOY

Century Enka Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 3.45 Indian rupees per share, a decline of 47.7% from 6.60 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 75.5 million rupees, a decrease of 47.7% from 144.3 million rupees in the prior-year period.

The normalized profit margin dropped to 2.5% from 3.6% in the year-earlier period.

Total revenue declined 25.1% year over year to 3.03 billion rupees from 4.05 billion rupees, and total operating expenses decreased 23.9% year over year to 2.88 billion rupees from 3.79 billion rupees.

Reported net income decreased 43.1% from the prior-year period to 86.6 million rupees, or 3.96 rupees per share, from 152.1 million rupees, or 6.96 rupees per share.

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