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Safal Herbs profit holds steady YOY in fiscal Q1

Safal Herbs Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 29,380 rupees, compared with 29,380 rupees in the year-earlier period.

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

The normalized profit margin dropped to 0.7% from 0.9% in the year-earlier period.

Total revenue increased 27.3% on an annual basis to 4.3 million rupees from 3.4 million rupees, and total operating expenses rose 27.7% on an annual basis to 4.2 million rupees from 3.3 million rupees.

Reported net income declined 31.9% year over year to 32,000 rupees, or 0 paise per share, from 47,000 rupees, or 0 paise per share.

As of Sept. 25, US$1 was equivalent to 61.42 Indian rupees.