trending Market Intelligence /marketintelligence/en/news-insights/trending/YgqBM5NtQbZJ3OuHa1_3Zw2 content esgSubNav
In This List

Ashima fiscal Q3 loss widens YOY


Master of Risk | Episode 7 : John Kevill


The World's Largest P&C Insurers, 2023


The Worlds Largest Life Insurers, 2023

Case Study

Analysts Utilize the S&P Global Marketplace Workbench to Explore and Visualize Datasets

Ashima fiscal Q3 loss widens YOY

Ashima Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was a loss of 1.09 Indian rupees per share, compared with a loss of 21 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 36.3 million rupees, compared with a loss of 3.2 million rupees in the prior-year period.

The normalized profit margin fell to negative 6.3% from negative 0.4% in the year-earlier period.

Total revenue fell 23.1% year over year to 573.2 million rupees from 745.8 million rupees, and total operating expenses declined 18.4% on an annual basis to 603.6 million rupees from 739.9 million rupees.

Reported net income totaled a loss of 58.0 million rupees, or a loss of 1.75 rupees per share, compared to a loss of 5.1 million rupees, or a loss of 33 paise per share, in the year-earlier period.

As of Feb. 5, US$1 was equivalent to 67.80 Indian rupees.