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Sundaram Brake Linings swings to profit in fiscal Q2

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Sundaram Brake Linings swings to profit in fiscal Q2

4914492 said its normalized net income for the fiscal second quarter ended Sept. 30 came to 43 Indian paise per share, compared with a loss of 59 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.7 million rupees, compared with a loss of 2.3 million rupees in the prior-year period.

The normalized profit margin climbed to 0.3% from negative 0.4% in the year-earlier period.

Total revenue fell 7.4% year over year to 588.6 million rupees from 635.9 million rupees, and total operating expenses declined 8.4% year over year to 581.6 million rupees from 634.7 million rupees.

Reported net income totaled 2.7 million rupees, or 69 paise per share, compared to a loss of 3.7 million rupees, or a loss of 94 paise per share, in the year-earlier period.

s of Nov. 2, US$1 was equivalent to 65.58 Indian rupees.Sundaram Brake Linings Ltd

4914492 said its normalized net income for the fiscal second quarter ended Sept. 30 came to 43 Indian paise per share, compared with a loss of 59 paise per share in the prior-year period.