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Shree Tulsi Online.Com fiscal Q2 profit climbs 29.8% YOY

Shree Tulsi Online.Com Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 1 Indian paise per share, an increase of 9.8% from 1 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 318,130 rupees, a gain of 29.8% from 245,000 rupees in the year-earlier period.

The normalized profit margin climbed to 19.8% from 12.4% in the year-earlier period.

Total revenue declined 18.9% year over year to 1.6 million rupees from 2.0 million rupees, and total operating expenses fell 16.4% on an annual basis to 1.6 million rupees from 1.9 million rupees.

Reported net income rose 29.8% from the prior-year period to 509,000 rupees, or 2 paise per share, from 392,000 rupees, or 2 paise per share.

As of Nov. 9, US$1 was equivalent to 66.41 Indian rupees.