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Alfavision Overseas (India) fiscal Q1 profit climbs YOY

Alfavision Overseas (India) Ltd said its normalized net income for the fiscal first quarter ended June 30 was 36 Indian paise per share, a gain from 14 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 1.1 million rupees, an increase from 423,750 rupees in the year-earlier period.

The normalized profit margin increased to 1.2% from 0.5% in the year-earlier period.

Total revenue grew 7.5% year over year to 99.2 million rupees from 92.3 million rupees, and total operating expenses rose 6.3% on an annual basis to 97.4 million rupees from 91.6 million rupees.

Reported net income rose year over year to 1.8 million rupees, or 58 paise per share, from 678,000 rupees, or 22 paise per share.

As of Aug. 14, US$1 was equivalent to 60.85 Indian rupees.