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Modern Dairies fiscal Q1 loss widens YOY

4911056 said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of 74 Indian paise per share, compared with a loss of 29 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 a loss of 17.4 million rupees, compared with a loss of 6.9 million rupees in the prior-year period.

The normalized profit margin dropped to negative 1.1% from negative 0.5% in the year-earlier period.

Total revenue grew 11.0% on an annual basis to 1.63 billion rupees from 1.47 billion rupees, and total operating expenses grew 11.9% year over year to 1.63 billion rupees from 1.45 billion rupees.

Reported net income came to a loss of 20.2 million rupees, or a loss of 86 paise per share, compared to a loss of 9.7 million rupees, or a loss of 41 paise per share, in the year-earlier period.

s of Aug. 11, US$1 was equivalent to 61.19 Indian rupees.Modern Dairies Ltd.

4911056 said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of 74 Indian paise per share, compared with a loss of 29 paise per share in the year-earlier period.