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Rajapalayam Mills fiscal Q1 profit falls YOY

4910666 said its normalized net income for the fiscal first quarter ended June 30 came to 2.7 million rupees, a fall of 92.3% from 35.1 million rupees in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to 0.3% from 3.9% in the year-earlier period.

Total revenue climbed on an annual basis to 914.9 million rupees from 889.4 million rupees, and total operating expenses climbed 10.5% on an annual basis to 846.2 million rupees from 765.9 million rupees.

Reported net income came to 3.1 million rupees, compared with 104.6 million rupees, or 14.00 rupees per share, in the year-earlier period.

s of Aug. 11, US$1 was equivalent to 64.36 Indian rupees.Rajapalayam Mills Ltd

4910666 said its normalized net income for the fiscal first quarter ended June 30 came to 2.7 million rupees, a fall of 92.3% from 35.1 million rupees in the prior-year period.