trending Market Intelligence /marketintelligence/en/news-insights/trending/zZUCFKV7wNFldwY2jWBt3A2 content esgSubNav
In This List

Swasti Vinayaka Art & Heritage fiscal Q2 profit climbs YOY

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

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Swasti Vinayaka Art & Heritage fiscal Q2 profit climbs YOY

Swasti Vinayaka Art & Heritage Corp. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to 12 Indian paise per share, an increase from 3 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 4.9 million rupees, an increase from 1.1 million rupees in the year-earlier period.

The normalized profit margin rose to 19.1% from 5.8% in the year-earlier period.

Total revenue increased 33.6% year over year to 25.7 million rupees from 19.2 million rupees, and total operating expenses climbed from the prior-year period to 14.3 million rupees from 13.7 million rupees.

Reported net income increased year over year to 5.2 million rupees, or 13 paise per share, from 1.2 million rupees, or 3 paise per share.

As of Oct. 15, US$1 was equivalent to 61.40 Indian rupees.