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Winsome Textile Industries fiscal Q2 profit climbs 31.1% YOY

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Winsome Textile Industries fiscal Q2 profit climbs 31.1% YOY

Winsome Textile Industries Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 came to 2.26 Indian rupees per share, a gain of 31.3% from 1.72 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 44.8 million rupees, an increase of 31.1% from 34.1 million rupees in the prior-year period.

The normalized profit margin rose to 2.6% from 2.0% in the year-earlier period.

Total revenue totaled 1.69 billion rupees, compared with 1.69 billion rupees in the year-earlier period, and total operating expenses came to 1.48 billion rupees, compared with 1.48 billion rupees in the prior-year period.

Reported net income rose 31.1% on an annual basis to 71.6 million rupees, or 3.61 rupees per share, from 54.6 million rupees, or 2.75 rupees per share.

As of Oct. 30, US$1 was equivalent to 65.41 Indian rupees.