trending Market Intelligence /marketintelligence/en/news-insights/trending/ZTj8GaSpu0Ntm2Q9142wIA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Seasons Textiles fiscal Q3 profit falls YOY

Blog

So, the data lakehouse is now officially a ‘thing’ – what is it and why should you care?

Blog

Industry Top Trends 2021: Oil and Gas

Blog

Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

The Evolution Of ESG Factors In Credit Risk Assessment: Corporate Governance


Seasons Textiles fiscal Q3 profit falls YOY

Seasons Textiles Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 7 Indian paise per share, a decline of 44.7% from 13 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 543,130 rupees, a decline of 44.1% from 971,250 rupees in the year-earlier period.

The normalized profit margin dropped to 0.5% from 1.0% in the year-earlier period.

Total revenue grew 6.6% year over year to 99.6 million rupees from 93.5 million rupees, and total operating expenses climbed 6.3% year over year to 89.8 million rupees from 84.5 million rupees.

Reported net income fell 30.3% from the prior-year period to 1.5 million rupees, or 20 paise per share, from 2.2 million rupees, or 29 paise per share.

As of Feb. 9, US$1 was equivalent to 67.92 Indian rupees.