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Dollar Industries fiscal Q2 profit climbs YOY

Dollar Industries Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 1.58 Indian rupees per share, a gain from 1.56 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 61.2 million rupees, an increase from 60.3 million rupees in the year-earlier period.

The normalized profit margin increased to 3.1% from 3.1% in the year-earlier period.

Total revenue totaled 1.99 billion rupees, compared with 1.98 billion rupees in the year-earlier period, and total operating expenses grew from the prior-year period to 1.87 billion rupees from 1.84 billion rupees.

Reported net income rose 5.4% from the prior-year period to 77.9 million rupees, or 2.01 rupees per share, from 73.9 million rupees, or 1.91 rupees per share.

As of Nov. 14, US$1 was equivalent to 61.73 Indian rupees.