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Jyothy Laboratories fiscal Q1 profit climbs 60.7% YOY

Jyothy Laboratories Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 1.47 Indian rupees per share, a gain of 47.4% from 100 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 266.0 million rupees, an increase of 60.7% from 165.5 million rupees in the year-earlier period.

The normalized profit margin rose to 6.9% from 5.0% in the year-earlier period.

Total revenue climbed 15.8% on an annual basis to 3.85 billion rupees from 3.33 billion rupees, and total operating expenses increased 17.5% year over year to 3.41 billion rupees from 2.90 billion rupees.

Reported net income rose 72.0% on an annual basis to 424.6 million rupees, or 2.35 rupees per share, from 246.9 million rupees, or 1.49 rupees per share.

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