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Junction Fabrics fiscal Q2 profit climbs YOY

Junction Fabrics and Apparels Ltd said its normalized net income for the fiscal second quarter ended Sept. 30, 2015, was 1.1 million rupees, a rise from 307,500 rupees in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 1.1% from 1.0% in the year-earlier period.

Total revenue rose year over year to 96.2 million rupees from 30.3 million rupees, and total operating expenses rose year over year to 92.1 million rupees from 29.1 million rupees.

Reported net income came to 1.6 million rupees, compared with 342,000 rupees in the prior-year period.

As of Jan. 8, US$1 was equivalent to 66.83 Indian rupees.