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Saint-Gobain Sekurit India fiscal Q2 profit climbs YOY

Saint-Gobain Sekurit India Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 22 Indian paise per share, a gain from 3 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 19.9 million rupees, a gain from 2.1 million rupees in the prior-year period.

The normalized profit margin climbed to 5.5% from 0.8% in the year-earlier period.

Total revenue increased 43.0% on an annual basis to 360.5 million rupees from 252.0 million rupees, and total operating expenses increased 30.6% on an annual basis to 330.3 million rupees from 252.9 million rupees.

Reported net income grew year over year to 28.8 million rupees, or 32 paise per share, from 3.4 million rupees, or 4 paise per share.

As of Oct. 22, US$1 was equivalent to 61.24 Indian rupees.