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Calcom Vision fiscal Q1 profit falls YOY

Calcom Vision Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 3 Indian paise per share, a decrease of 86.8% from 24 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 94,380 rupees, a decrease of 87.8% from 773,750 rupees in the prior-year period.

The normalized profit margin fell to 0.2% from 1.7% in the year-earlier period.

Total revenue declined 12.5% year over year to 39.0 million rupees from 44.5 million rupees, and total operating expenses declined 10.1% from the prior-year period to 39.0 million rupees from 43.4 million rupees.

Reported net income declined 87.8% from the prior-year period to 151,000 rupees, or 5 paise per share, from 1.2 million rupees, or 38 paise per share.

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