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Pincon Spirit posts fiscal H1 profit

Pincon Spirit Ltd. said its normalized net income for the fiscal first half ended Sept. 30 was 112.5 million rupees.

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

Total revenue totaled 4.90 billion rupees, and total operating expenses came to 4.65 billion rupees.

Reported net income totaled 120.3 million rupees, or 3.07 rupees per share.

As of Oct. 30, US$1 was equivalent to 65.41 Indian rupees.