trending Market Intelligence /marketintelligence/en/news-insights/trending/Yq-k_tvvbGVB8EKRVdpFPw2 content esgSubNav
In This List

Cox & Kings swings to loss 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


Cox & Kings swings to loss in fiscal Q3

Cox & Kings Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to a loss of 2.35 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 7.00 rupees per share.

The per-share result swung to a loss from the prior-year profit of 2.90 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 295.7 million rupees, compared with income of 397.0 million rupees in the year-earlier period.

The normalized profit margin dropped to negative 6.3% from 9.7% in the year-earlier period.

Total revenue increased 14.3% on an annual basis to 4.66 billion rupees from 4.08 billion rupees, and total operating expenses rose on an annual basis to 3.43 billion rupees from 3.32 billion rupees.

Reported net income came to a loss of 139.5 million rupees, or a loss of 1.11 rupees per share, compared to income of 309.1 million rupees, or 2.26 rupees per share, in the year-earlier period.

As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.