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Shri Krishna Prasadam fiscal H1 profit falls YOY

Shri Krishna Prasadam Ltd. said its normalized net income for the fiscal first half ended Sept. 30 was 40,780 rupees, a decrease of 37.9% from 65,630 rupees in the year-earlier period.

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

Total revenue declined 39.9% year over year to 24.0 million rupees from 39.9 million rupees, and total operating expenses decreased 39.9% from the prior-year period to 23.9 million rupees from 39.8 million rupees.

Reported net income came to 45,090 rupees, or 1 paise per share, compared to 70,000 rupees, or 1 paise per share, in the prior-year period.

As of Nov. 6, US$1 was equivalent to 66.11 Indian rupees.