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EDynamics Solutions fiscal H1 profit climbs YOY

eDynamics Solutions Ltd. said its normalized net income for the fiscal first half ended Sept. 30 was 221,250 rupees, an increase from 76,880 rupees in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue climbed 45.0% year over year to 13.3 million rupees from 9.2 million rupees, and total operating expenses climbed 43.0% year over year to 12.9 million rupees from 9.0 million rupees.

Reported net income grew from the prior-year period to 199,000 rupees, or 1 paisa per share, from 85,000 rupees.

As of Nov. 18, US$1 was equivalent to 61.75 Indian rupees.