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Krypton Industries fiscal Q1 profit falls YOY

Krypton Industries Ltd said its normalized net income for the fiscal first quarter ended June 30 was 8 Indian paise per share, a decline of 25.1% from 11 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.2 million rupees, a decrease of 20.6% from 1.5 million rupees in the year-earlier period.

The normalized profit margin declined to 1.6% from 1.7% in the year-earlier period.

Total revenue decreased 19.2% year over year to 73.8 million rupees from 91.3 million rupees, and total operating expenses fell 21.1% on an annual basis to 67.1 million rupees from 85.1 million rupees.

Reported net income totaled 1.8 million rupees, or 12 paise per share, compared to 1.7 million rupees, or 12 paise per share, in the prior-year period.

As of Aug. 13, US$1 was equivalent to 65.29 Indian rupees.