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Saint-Gobain Sekurit India fiscal Q1 profit climbs YOY

Saint-Gobain Sekurit India Ltd said its normalized net income for the fiscal first quarter ended June 30 was 7 Indian paise per share, an increase from 1 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 6.2 million rupees, an increase from 1.1 million rupees in the year-earlier period.

The normalized profit margin rose to 2.1% from 0.4% in the year-earlier period.

Total revenue grew 15.0% on an annual basis to 303.5 million rupees from 263.8 million rupees, and total operating expenses climbed 10.3% year over year to 293.3 million rupees from 265.8 million rupees.

Reported net income increased from the prior-year period to 10.0 million rupees, or 11 paise per share, from 2.0 million rupees, or 2 paise per share.

As of July 18, US$1 was equivalent to 60.44 Indian rupees.