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Waterbase profit misses consensus by 23.1% in fiscal Q2

The Waterbase Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 1.46 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 1.90 rupees per share.

EPS climbed 10.2% year over year from 1.33 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 56.3 million rupees, a gain of 10.4% from 50.9 million rupees in the year-earlier period.

The normalized profit margin fell to 5.7% from 6.3% in the year-earlier period.

Total revenue increased 21.4% year over year to 988.8 million rupees from 814.8 million rupees, and total operating expenses rose 21.8% on an annual basis to 898.9 million rupees from 738.3 million rupees.

Reported net income increased 48.4% on an annual basis to 57.0 million rupees, or 1.48 rupees per share, from 38.4 million rupees, or 1 rupee per share.

As of Oct. 29, US$1 was equivalent to 65.42 Indian rupees.