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Jindal Hotels fiscal Q2 profit climbs 6.1% YOY

Jindal Hotels Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 39 Indian paise per share, a gain of 7.6% from 36 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 2.3 million rupees, a gain of 6.1% from 2.2 million rupees in the prior-year period.

The normalized profit margin increased to 3.6% from 3.6% in the year-earlier period.

Total revenue increased 5.7% year over year to 64.2 million rupees from 60.7 million rupees, and total operating expenses increased 11.0% on an annual basis to 53.2 million rupees from 48.0 million rupees.

Reported net income grew 36.0% on an annual basis to 2.4 million rupees, or 40 paise per share, from 1.8 million rupees, or 29 paise per share.

As of Oct. 27, US$1 was equivalent to 65.03 Indian rupees.