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Orient Beverages fiscal Q2 profit climbs 53.6% YOY

4914037 said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 1.24 Indian rupees per share, a gain of 53.1% from 81 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.7 million rupees, an increase of 53.6% from 1.8 million rupees in the prior-year period.

The normalized profit margin rose to 3.0% from 2.5% in the year-earlier period.

Total revenue climbed 30.1% on an annual basis to 89.4 million rupees from 68.7 million rupees, and total operating expenses climbed 31.3% from the prior-year period to 85.5 million rupees from 65.1 million rupees.

Reported net income grew 53.6% year over year to 4.3 million rupees, or 1.99 rupees per share, from 2.8 million rupees, or 1.30 rupees per share.

s of Nov. 13, US$1 was equivalent to 66.19 Indian rupees.Orient Beverages Ltd

4914037 said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 1.24 Indian rupees per share, a gain of 53.1% from 81 paise per share in the year-earlier period.