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.
