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Shree Tulsi Online.Com fiscal Q2 profit falls YOY

Shree Tulsi Online.Com Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 1 Indian paise per share, a decline of 66.7% from 4 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 245,000 rupees, a decrease of 70.1% from 819,380 rupees in the prior-year period.

The normalized profit margin climbed to 12.4% from 1.8% in the year-earlier period.

Total revenue fell 95.7% on an annual basis to 2.0 million rupees from 45.8 million rupees, and total operating expenses declined 95.8% on an annual basis to 1.9 million rupees from 44.8 million rupees.

Reported net income decreased 70.1% year over year to 392,000 rupees, or 2 paise per share, from 1.3 million rupees, or 6 paise per share.

As of Nov. 17, US$1 was equivalent to 61.80 Indian rupees.