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Gorani Industries fiscal Q1 profit climbs 86.2% YOY

4915246 said its normalized net income for the fiscal first quarter ended June 30 was 5 Indian paise per share, a gain from 3 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 261,880 rupees, an increase of 86.2% from 140,630 rupees in the year-earlier period.

The normalized profit margin climbed to 2.1% from 1.4% in the year-earlier period.

Total revenue rose 27.0% on an annual basis to 12.5 million rupees from 9.8 million rupees, and total operating expenses climbed 25.7% from the prior-year period to 12.1 million rupees from 9.6 million rupees.

eported net income grew 86.2% on an annual basis to 41 Gorani Industries Ltd..