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Pee Cee Cosma Sope fiscal Q2 profit falls YOY

Pee Cee Cosma Sope Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 1.20 Indian rupees per share, a decline of 37.3% from 1.91 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 3.2 million rupees, a decline of 37.7% from 5.2 million rupees in the prior-year period.

The normalized profit margin declined to 1.6% from 2.8% in the year-earlier period.

Total revenue grew 7.5% on an annual basis to 201.8 million rupees from 187.7 million rupees, and total operating expenses increased 9.0% on an annual basis to 194.9 million rupees from 178.8 million rupees.

Reported net income fell 29.1% on an annual basis to 4.0 million rupees, or 1.50 rupees per share, from 5.7 million rupees, or 2.10 rupees per share.

As of Nov. 21, US$1 was equivalent to 61.66 Indian rupees.