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Krypton Industries fiscal Q1 profit falls YOY

Krypton Industries Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 11 Indian paise per share, a decline of 58.2% from 25 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 1.5 million rupees, a decrease of 59.5% from 3.7 million rupees in the prior-year period.

The normalized profit margin fell to 1.7% from 3.6% in the year-earlier period.

Total revenue declined 12.0% year over year to 91.3 million rupees from 103.7 million rupees, and total operating expenses fell 10.4% from the prior-year period to 85.1 million rupees from 94.9 million rupees.

Reported net income declined 68.6% on an annual basis to 1.7 million rupees, or 12 paise per share, from 5.5 million rupees, or 37 paise per share.

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