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Neelamalai Agro Industries fiscal Q1 profit climbs 10.3% YOY

Neelamalai Agro Industries Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 4.92 Indian rupees per share, an increase of 10.3% from 4.46 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.1 million rupees, a gain of 10.3% from 2.8 million rupees in the prior-year period.

The normalized profit margin climbed to 6.4% from 6.0% in the year-earlier period.

Total revenue increased on an annual basis to 48.0 million rupees from 46.6 million rupees, and total operating expenses rose 7.0% from the prior-year period to 46.4 million rupees from 43.4 million rupees.

Reported net income rose on an annual basis to 3.8 million rupees, or 6.12 rupees per share, from 3.8 million rupees, or 6.02 rupees per share.

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