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Chaman Lal Setia Exports fiscal Q2 profit falls 7.4% YOY

Chaman Lal Setia Exports Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 96 Indian paise per share, compared with the S&P Capital IQ consensus estimate of 1.10 rupees per share.

EPS decreased 7.4% year over year from 1.04 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 49.2 million rupees, a decline of 7.4% from 53.2 million rupees in the year-earlier period.

The normalized profit margin declined to 3.8% from 4.8% in the year-earlier period.

Total revenue increased 16.6% year over year to 1.29 billion rupees from 1.11 billion rupees, and total operating expenses rose 18.7% year over year to 1.22 billion rupees from 1.02 billion rupees.

Reported net income declined from the prior-year period to 55.4 million rupees, or 1.08 rupees per share, from 56.1 million rupees, or 1.10 rupees per share.

As of Dec. 2, US$1 was equivalent to 61.84 Indian rupees.