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Butterfly Gandhimathi Appliances fiscal Q1 profit climbs YOY

Butterfly Gandhimathi Appliances Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 2.16 Indian rupees per share, a gain from 9 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 38.6 million rupees, an increase from 1.7 million rupees in the year-earlier period.

The normalized profit margin rose to 1.7% from 0.2% in the year-earlier period.

Total revenue increased on an annual basis to 2.34 billion rupees from 1.07 billion rupees, and total operating expenses rose on an annual basis to 2.21 billion rupees from 1.00 billion rupees.

Reported net income increased year over year to 41.7 million rupees, or 2.33 rupees per share, from 1.7 million rupees, or 10 paise per share.

As of July 29, US$1 was equivalent to 63.84 Indian rupees.