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KLRF fiscal Q1 profit climbs YOY

Kovilpatti Lakshmi Roller Flour Mills Ltd said its normalized net income for the fiscal first quarter ended June 30 amounted to 1.38 Indian rupees per share, a gain from 1.35 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 6.9 million rupees, an increase from 6.7 million rupees in the year-earlier period.

The normalized profit margin dropped to 1.0% from 1.2% in the year-earlier period.

Total revenue grew 18.1% year over year to 680.2 million rupees from 576.1 million rupees, and total operating expenses rose 18.2% year over year to 650.3 million rupees from 550.3 million rupees.

Reported net income increased 27.2% year over year to 8.5 million rupees, or 1.70 rupees per share, from 6.7 million rupees, or 1.34 rupees per share.

As of Aug. 1, US$1 was equivalent to 60.84 Indian rupees.