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KDDL Ltd. swings to profit in fiscal Q1

KDDL Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 15 Indian paise per share, compared with a loss of 56 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 1.5 million rupees, compared with a loss of 5.1 million rupees in the year-earlier period.

The normalized profit margin climbed to 0.2% from negative 0.8% in the year-earlier period.

Total revenue increased 26.7% year over year to 832.2 million rupees from 657.0 million rupees, and total operating expenses grew 26.0% on an annual basis to 804.5 million rupees from 638.7 million rupees.

Reported net income totaled a loss of 100,000 rupees, or a loss of 1 paise per share, compared to a loss of 9.6 million rupees, or a loss of 1.06 rupees per share, in the year-earlier period.

As of Aug. 7, US$1 was equivalent to 61.24 Indian rupees.