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Atul Auto fiscal Q2 profit climbs 35.5% YOY

Atul Auto Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 came to 5.81 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 5.07 rupees per share.

EPS climbed 35.5% year over year from 4.29 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 127.6 million rupees, an increase of 35.5% from 94.1 million rupees in the prior-year period.

The normalized profit margin climbed to 8.9% from 7.2% in the year-earlier period.

Total revenue increased 8.9% on an annual basis to 1.43 billion rupees from 1.31 billion rupees, and total operating expenses increased 5.1% on an annual basis to 1.22 billion rupees from 1.16 billion rupees.

Reported net income rose 22.8% year over year to 134.7 million rupees, or 6.14 rupees per share, from 109.7 million rupees, or 5.00 rupees per share.

As of Oct. 30, US$1 was equivalent to 65.41 Indian rupees.