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National Plastic Industries fiscal Q1 profit climbs 11.2% YOY

National Plastic Industries Ltd said its normalized net income for the fiscal first quarter ended June 30 came to 2.4 million rupees, a rise of 11.2% from 2.2 million rupees in the prior-year period.

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

The normalized profit margin rose to 1.3% from 1.3% in the year-earlier period.

Total revenue grew 8.0% on an annual basis to 189.9 million rupees from 175.9 million rupees, and total operating expenses rose 9.1% year over year to 177.4 million rupees from 162.6 million rupees.

Reported net income rose 11.2% on an annual basis to 3.9 million rupees, or 43 paise per share, from 3.5 million rupees.

As of Aug. 5, US$1 was equivalent to 60.85 Indian rupees.