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Saboo Sodium Chloro fiscal Q2 profit climbs YOY

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Saboo Sodium Chloro fiscal Q2 profit climbs YOY

4914630 said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 3 Indian paise per share, an increase from 1 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 606,880 rupees, a gain from 255,000 rupees in the year-earlier period.

The normalized profit margin increased to 1.2% from 0.6% in the year-earlier period.

Total revenue rose 23.7% year over year to 48.7 million rupees from 39.4 million rupees, and total operating expenses climbed 19.0% year over year to 42.2 million rupees from 35.5 million rupees.

Reported net income rose on an annual basis to 971,000 rupees, or 5 paise per share, from 408,000 rupees, or 2 paise per share.

As of Nov. 10, US$1 was equivalent to 66.24 Indian rupees.Saboo Sodium Chloro Ltd.

4914630 said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 3 Indian paise per share, an increase from 1 paise per share in the prior-year period.