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Pasupati Acrylon fiscal Q1 profit climbs YOY

Pasupati Acrylon Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 75.4 million rupees, an increase from 812,500 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 5.8% from 0.1% in the year-earlier period.

Total revenue climbed 7.4% year over year to 1.29 billion rupees from 1.20 billion rupees, and total operating expenses came to 1.17 billion rupees, compared with 1.17 billion rupees in the year-earlier period.

Reported net income grew year over year to 84.7 million rupees, or 95 paise per share, from 1.2 million rupees, or 1 paise per share.

As of Aug. 11, US$1 was equivalent to 61.19 Indian rupees.