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KSE fiscal Q1 profit climbs YOY

KSE Ltd said its normalized net income for the fiscal first quarter ended June 30 came to 8.66 Indian rupees per share, an increase from 3.29 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 27.7 million rupees, a gain from 10.6 million rupees in the prior-year period.

The normalized profit margin increased to 1.3% from 0.5% in the year-earlier period.

Total revenue increased 9.1% on an annual basis to 2.16 billion rupees from 1.98 billion rupees, and total operating expenses increased 7.8% on an annual basis to 2.11 billion rupees from 1.96 billion rupees.

Reported net income increased from the prior-year period to 29.3 million rupees, or 9.15 rupees per share, from 11.4 million rupees, or 3.56 rupees per share.

As of Aug. 12, US$1 was equivalent to 61.08 Indian rupees.