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Indag Rubber fiscal Q1 profit falls YOY

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Indag Rubber fiscal Q1 profit falls YOY

4911431 said its normalized net income for the fiscal first quarter ended June 30 was 2.23 Indian rupees per share, compared with 2.24 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 58.4 million rupees, compared with 58.8 million rupees in the prior-year period.

The normalized profit margin fell to 10.1% from 10.1% in the year-earlier period.

Total revenue totaled 581.1 million rupees, compared with 581.6 million rupees in the year-earlier period, and total operating expenses totaled 488.7 million rupees, compared with 491.4 million rupees in the year-earlier period.

eported net income fell from the prior-year period to 69.1 Indag Rubber Ltd