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Shukra Jewellery fiscal Q2 profit climbs 9.3% YOY

Shukra Jewellery Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 73,750 rupees, a gain of 9.3% from 67,500 rupees in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 0.1% from 0.1% in the year-earlier period.

Total revenue decreased 7.0% year over year to 74.3 million rupees from 79.8 million rupees, and total operating expenses fell 7.0% year over year to 74.1 million rupees from 79.7 million rupees.

Reported net income totaled 118,000 rupees, compared with 108,000 rupees in the prior-year period.

As of Oct. 30, US$1 was equivalent to 61.37 Indian rupees.