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PPAP Automotive fiscal Q2 profit climbs 82.3% YOY

4916501 said its normalized net income for the fiscal second quarter ended Sept. 30 came to 3.10 Indian rupees per share, an increase of 82.2% from 1.70 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 43.4 million rupees, a gain of 82.3% from 23.8 million rupees in the prior-year period.

The normalized profit margin rose to 5.4% from 3.2% in the year-earlier period.

Total revenue grew 7.3% on an annual basis to 806.7 million rupees from 751.7 million rupees, and total operating expenses climbed year over year to 717.8 million rupees from 701.4 million rupees.

Reported net income rose 80.7% from the prior-year period to 45.5 million rupees, or 3.25 rupees per share, from 25.2 million rupees, or 1.80 rupees per share.

s of Nov. 4, US$1 was equivalent to 65.45 Indian rupees.PPAP Automotive Ltd.

4916501 said its normalized net income for the fiscal second quarter ended Sept. 30 came to 3.10 Indian rupees per share, an increase of 82.2% from 1.70 rupees per share in the prior-year period.