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Dollar Industries fiscal Q1 profit climbs 14.0% YOY

Dollar Industries Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 1.21 Indian rupees per share, a gain of 13.9% from 1.06 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 46.9 million rupees, a gain of 14.0% from 41.1 million rupees in the prior-year period.

The normalized profit margin increased to 2.8% from 2.7% in the year-earlier period.

Total revenue climbed 9.9% year over year to 1.69 billion rupees from 1.54 billion rupees, and total operating expenses climbed 9.3% on an annual basis to 1.58 billion rupees from 1.44 billion rupees.

Reported net income grew 16.5% from the prior-year period to 65.0 million rupees, or 1.68 rupees per share, from 55.8 million rupees, or 1.44 rupees per share.

As of Aug. 14, US$1 was equivalent to 60.85 Indian rupees.