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Waterbase profit beats consensus by 18.4% in fiscal Q1


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Waterbase profit beats consensus by 18.4% in fiscal Q1

The Waterbase Ltd said its normalized net income for the fiscal first quarter ended June 30 was 2.04 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 1.72 rupees per share.

EPS climbed 24.5% year over year from 1.63 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 78.5 million rupees, an increase of 24.3% from 63.1 million rupees in the prior-year period.

The normalized profit margin climbed to 7.8% from 7.4% in the year-earlier period.

Total revenue rose 18.0% on an annual basis to 1.01 billion rupees from 857.5 million rupees, and total operating expenses rose 18.3% year over year to 888.9 million rupees from 751.4 million rupees.

Reported net income rose 10.6% year over year to 82.9 million rupees, or 2.15 rupees per share, from 74.9 million rupees, or 1.94 rupees per share.

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