The organization’s absolute combined pay declined to Rs 83.25 crore in Q1FY21 from Rs 308.09 crore in the same quarter a year ago.
Mirza International shares fell more than 3 percent in morning trade on September 15 on the BSE, a day after the company reported a consolidated loss of Rs 23.62 crore for the Q1 FY against a profit of Rs 15 crore in Q1 FY21 did.
The company’s total consolidated income fell to Rs 83.25 crore in Q1 FY21 from Rs 308.09 crore in the same quarter a year ago.
Total expenditure was Rs 106.87 crore as against Rs 293.07 crore year-on-year (YoY).
The company’s basic earnings per share (EPS) for Q1 FY21 was Rs (-1.93) against Rs 0.79.
The company’s annual net profit has been declining for the past two years, while cash flows have also declined.
However, the promoters have increased the company’s stake and the price per share has been improving for the last two years.
Mirza International shares lost 2.92 percent to close at Rs 53.20 on BSE at 11.20 am.