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Shree Tulsi Online.Com fiscal Q1 profit falls YOY

Shree Tulsi Online.Com Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 1 Indian paise per share, a decrease of 77.8% from 6 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 256,250 rupees, a decline of 80.9% from 1.3 million rupees in the prior-year period.

The normalized profit margin rose to 12.8% from 2.7% in the year-earlier period.

Total revenue fell 95.9% year over year to 2.0 million rupees from 49.1 million rupees, and total operating expenses declined 96.1% year over year to 1.9 million rupees from 47.3 million rupees.

Reported net income declined 80.9% from the prior-year period to 410,000 rupees, or 2 paise per share, from 2.2 million rupees, or 9 paise per share.

As of Aug. 18, US$1 was equivalent to 60.82 Indian rupees.