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Anjani Foods fiscal Q1 loss widens YOY

Anjani Foods Ltd. said its normalized net income for the fiscal first quarter ended June 30 was a loss of 21 Indian paise per share, compared with a loss of 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 a loss of 822,500 rupees, compared with a loss of 46,250 rupees in the year-earlier period.

The normalized profit margin declined to negative 1.6% from negative 0.1% in the year-earlier period.

Total revenue rose 11.3% on an annual basis to 49.9 million rupees from 44.8 million rupees, and total operating expenses rose 8.3% on an annual basis to 51.1 million rupees from 47.2 million rupees.

Reported net income totaled a loss of 1.7 million rupees, or a loss of 43 paise per share, compared to a loss of 5.2 million rupees, or a loss of 1.31 rupees per share, in the prior-year period.

As of Aug. 13, US$1 was equivalent to 61.07 Indian rupees.