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Safal Herbs fiscal Q1 profit climbs 6.4% YOY

Safal Herbs Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 31,250 rupees, a gain of 6.4% from 29,380 rupees in the prior-year period.

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

The normalized profit margin increased to 0.7% from 0.7% in the year-earlier period.

Total revenue rose year over year to 4.4 million rupees from 4.3 million rupees, and total operating expenses grew from the prior-year period to 4.3 million rupees from 4.2 million rupees.

Reported net income increased 56.3% year over year to 50,000 rupees, or 0 paise per share, from 32,000 rupees, or 0 paise per share.

As of Aug. 13, US$1 was equivalent to 65.29 Indian rupees.