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BCL Industries & Infrastructures fiscal Q2 profit climbs YOY

BCL Industries Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 came to 9.4 million rupees, an increase from 1.5 million 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 0.7% from 0.1% in the year-earlier period.

Total revenue climbed 6.6% year over year to 1.33 billion rupees from 1.25 billion rupees, and total operating expenses increased 7.1% year over year to 1.31 billion rupees from 1.22 billion rupees.

Reported net income totaled 13.1 million rupees, compared with 2.4 million rupees in the prior-year period.

As of Nov. 25, US$1 was equivalent to 61.85 Indian rupees.