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Lambodhara Textiles fiscal Q1 profit climbs 9.1% YOY

Lambodhara Textiles Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 1.26 Indian rupees per share, a gain of 5.1% from 1.20 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 11.4 million rupees, a gain of 9.1% from 10.5 million rupees in the prior-year period.

The normalized profit margin declined to 3.7% from 3.8% in the year-earlier period.

Total revenue increased 14.7% year over year to 312.9 million rupees from 272.8 million rupees, and total operating expenses rose 15.9% year over year to 278.8 million rupees from 240.6 million rupees.

Reported net income increased 15.7% on an annual basis to 14.6 million rupees, or 1.61 rupees per share, from 12.6 million rupees, or 1.45 rupees per share.

As of Aug. 4, US$1 was equivalent to 61.01 Indian rupees.