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Som Distilleries & Breweries fiscal Q1 profit climbs YOY

Som Distilleries & Breweries Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 2.15 Indian rupees per share, an increase from 2.10 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 59.4 million rupees, a gain from 57.8 million rupees in the year-earlier period.

The normalized profit margin declined to 7.7% from 8.2% in the year-earlier period.

Total revenue grew 10.4% on an annual basis to 775.0 million rupees from 701.8 million rupees, and total operating expenses climbed 9.7% year over year to 664.8 million rupees from 605.9 million rupees.

Reported net income increased from the prior-year period to 63.7 million rupees, or 2.31 rupees per share, from 61.7 million rupees, or 2.24 rupees per share.

As of Aug. 3, US$1 was equivalent to 63.97 Indian rupees.