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Everlon Synthetics fiscal Q1 profit climbs 52.4% YOY

Everlon Synthetics Ltd said its normalized net income for the fiscal first quarter ended June 30 came to 25 Indian paise per share, an increase from 13 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 688,750 rupees, a gain of 52.4% from 451,880 rupees in the year-earlier period.

The normalized profit margin climbed to 0.5% from 0.4% in the year-earlier period.

Total revenue increased year over year to 133.2 million rupees from 128.6 million rupees, and total operating expenses climbed year over year to 130.2 million rupees from 126.4 million rupees.

Reported net income grew 52.4% on an annual basis to 1.1 million rupees, or 40 paise per share, from 723,000 rupees, or 20 paise per share.

As of Aug. 8, US$1 was equivalent to 61.15 Indian rupees.