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JCT Ltd. fiscal Q1 profit climbs YOY

JCT Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 13.3 million rupees, a gain from 4.4 million rupees in the first quarter ended Dec. 31, 2013.

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

The normalized profit margin rose to 0.6% from 0.2% in the year-earlier period.

Total revenue climbed year over year to 2.18 billion rupees from 2.13 billion rupees, and total operating expenses increased from the prior-year period to 2.10 billion rupees from 2.08 billion rupees.

Reported net income grew from the prior-year period to 21.2 million rupees, or 3 paise per share, from 7.0 million rupees, or 1 paise per share.

As of Aug. 12, US$1 was equivalent to 61.08 Indian rupees.