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Goldiam International fiscal Q1 profit climbs YOY

Goldiam International Ltd said its normalized net income for the fiscal first quarter ended June 30 came to 2.17 Indian rupees per share, an increase from 1.04 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 54.2 million rupees, a gain from 25.8 million rupees in the prior-year period.

The normalized profit margin climbed to 6.6% from 3.2% in the year-earlier period.

Total revenue increased on an annual basis to 819.7 million rupees from 797.8 million rupees, and total operating expenses rose year over year to 768.3 million rupees from 759.2 million rupees.

Reported net income increased 92.3% on an annual basis to 58.1 million rupees, or 2.33 rupees per share, from 30.2 million rupees, or 1.21 rupees per share.

As of Aug. 10, US$1 was equivalent to 63.80 Indian rupees.