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Betex India fiscal Q1 profit climbs 49.5% YOY

Betex India Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 1.51 Indian rupees per share, an increase of 49.3% from 1.01 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 2.3 million rupees, a gain of 49.5% from 1.5 million rupees in the year-earlier period.

The normalized profit margin climbed to 2.2% from 1.8% in the year-earlier period.

Total revenue climbed 20.9% year over year to 100.8 million rupees from 83.4 million rupees, and total operating expenses grew 20.1% year over year to 96.5 million rupees from 80.3 million rupees.

Reported net income increased 82.7% on an annual basis to 3.9 million rupees, or 2.59 rupees per share, from 2.1 million rupees, or 1.42 rupees per share.

As of Aug. 13, US$1 was equivalent to 61.07 Indian rupees.