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Talbros Automotive Components fiscal Q1 profit falls YOY

Talbros Automotive Components Ltd said its normalized net income for the fiscal first quarter ended June 30 came to 2.09 Indian rupees per share, a decline from 2.14 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 25.9 million rupees, a decline from 26.5 million rupees in the prior-year period.

The normalized profit margin dropped to 2.8% from 2.9% in the year-earlier period.

Total revenue came to 922.5 million rupees, compared with 919.7 million rupees in the prior-year period, and total operating expenses climbed from the prior-year period to 849.9 million rupees from 841.3 million rupees.

Reported net income decreased 23.9% from the prior-year period to 29.1 million rupees, or 2.35 rupees per share, from 38.2 million rupees, or 3.09 rupees per share.

As of Aug. 20, US$1 was equivalent to 60.61 Indian rupees.