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Jay Ushin fiscal Q1 profit climbs 9.1% YOY

Jay Ushin Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 4.00 Indian rupees per share, an increase of 9.3% from 3.66 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 15.4 million rupees, an increase of 9.1% from 14.1 million rupees in the prior-year period.

The normalized profit margin climbed to 1.0% from 0.9% in the year-earlier period.

Total revenue increased year over year to 1.56 billion rupees from 1.51 billion rupees, and total operating expenses grew on an annual basis to 1.55 billion rupees from 1.49 billion rupees.

Reported net income declined 26.1% on an annual basis to 9.6 million rupees, or 2.50 rupees per share, from 13.1 million rupees, or 3.38 rupees per share.

As of Aug. 12, US$1 was equivalent to 64.75 Indian rupees.