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Sarla Performance Fibers fiscal Q2 profit climbs 34.9% YOY

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Sarla Performance Fibers fiscal Q2 profit climbs 34.9% YOY

4914738 said its normalized net income for the fiscal second quarter ended Sept. 30 came to 1.36 Indian rupees per share, a gain of 12.7% from 1.21 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 113.1 million rupees, a gain of 34.9% from 83.8 million rupees in the year-earlier period.

The normalized profit margin climbed to 13.9% from 10.5% in the year-earlier period.

Total revenue increased year over year to 815.9 million rupees from 801.3 million rupees, and total operating expenses declined 7.9% year over year to 651.9 million rupees from 707.7 million rupees.

Reported net income grew 30.8% year over year to 131.5 million rupees, or 1.58 rupees per share, from 100.6 million rupees, or 1.45 rupees per share.

s of Oct. 30, US$1 was equivalent to 65.41 Indian rupees.Sarla Performance Fibers Ltd

4914738 said its normalized net income for the fiscal second quarter ended Sept. 30 came to 1.36 Indian rupees per share, a gain of 12.7% from 1.21 rupees per share in the prior-year period.