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Dollar Industries fiscal Q1 profit climbs 26.6% YOY

Dollar Industries Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 1.53 Indian rupees per share, a gain of 26.7% from 1.21 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 59.4 million rupees, an increase of 26.6% from 46.9 million rupees in the prior-year period.

The normalized profit margin climbed to 3.3% from 2.8% in the year-earlier period.

Total revenue increased 5.3% on an annual basis to 1.78 billion rupees from 1.69 billion rupees, and total operating expenses climbed 8.1% on an annual basis to 1.70 billion rupees from 1.58 billion rupees.

Reported net income increased 23.1% year over year to 80.0 million rupees, or 2.07 rupees per share, from 65.0 million rupees, or 1.68 rupees per share.

As of Aug. 14, US$1 was equivalent to 65.08 Indian rupees.