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HS India fiscal Q2 profit falls YOY

H S India Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 was 9 Indian paise per share, a decrease from 10 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.6 million rupees, a decrease of 5.7% from 1.7 million rupees in the prior-year period.

The normalized profit margin fell to 3.1% from 3.2% in the year-earlier period.

Total revenue totaled 51.7 million rupees, compared with 52.2 million rupees in the year-earlier period, and total operating expenses increased year over year to 42.3 million rupees from 41.6 million rupees.

Reported net income came to 1.9 million rupees, or 11 paise per share, compared to 1.9 million rupees, or 11 paise per share, in the prior-year period.

As of Nov. 9, US$1 was equivalent to 66.41 Indian rupees.