trending Market Intelligence /marketintelligence/en/news-insights/trending/ZcDoyKp9c_qVjJCU9yHz8w2 content esgSubNav
In This List

Vardhman Acrylics fiscal Q1 profit falls YOY

Blog

Insight Weekly: Fed's policy stance; overdrafts under scrutiny; energy stocks rally

Blog

Q1’21 U.S. Power Forecast

Blog

Post COVID-19: Gold Mining and Production

Case Study

Supporting the Strategic Overhaul of a Large Corporation’s Credit Risk System


Vardhman Acrylics fiscal Q1 profit falls YOY

Vardhman Acrylics Ltd said its normalized net income for the fiscal first quarter ended June 30 was 91 Indian paise per share, a decrease of 40.7% from 1.53 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 84.0 million rupees, a decline of 41.3% from 143.0 million rupees in the year-earlier period.

The normalized profit margin fell to 6.4% from 12.6% in the year-earlier period.

Total revenue rose 15.0% on an annual basis to 1.30 billion rupees from 1.13 billion rupees, and total operating expenses grew 29.3% on an annual basis to 1.17 billion rupees from 903.9 million rupees.

Reported net income fell 51.0% year over year to 88.8 million rupees, or 96 paise per share, from 181.3 million rupees, or 1.94 rupees per share.

As of Aug. 4, US$1 was equivalent to 61.01 Indian rupees.