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Indian Terrain Fashions fiscal Q2 profit climbs YOY

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Indian Terrain Fashions fiscal Q2 profit climbs YOY

Indian Terrain Fashions Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30, 2014, came to 1.94 Indian rupees per share, an increase from 91 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 54.5 million rupees, an increase from 26.1 million rupees in the year-earlier period.

The normalized profit margin rose to 5.3% from 4.1% in the year-earlier period.

Total revenue grew 61.5% on an annual basis to 1.04 billion rupees from 641.6 million rupees, and total operating expenses grew 60.4% on an annual basis to 927.3 million rupees from 578.0 million rupees.

Reported net income increased 51.2% on an annual basis to 63.2 million rupees, or 2.25 rupees per share, from 41.8 million rupees, or 1.46 rupees per share.

As of Jan. 21, US$1 was equivalent to 61.50 Indian rupees.