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Jullundur Motor Agency fiscal Q1 profit climbs 38.3% YOY

Jullundur Motor Agency (Delhi) Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 5.53 Indian rupees per share, an increase of 38.3% from 4.00 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 33.0 million rupees, an increase of 38.3% from 23.9 million rupees in the prior-year period.

The normalized profit margin rose to 3.8% from 2.9% in the year-earlier period.

Total revenue climbed 6.4% year over year to 874.1 million rupees from 821.8 million rupees, and total operating expenses rose 6.1% on an annual basis to 832.6 million rupees from 785.0 million rupees.

Reported net income rose 35.3% year over year to 35.2 million rupees, or 5.90 rupees per share, from 26.0 million rupees, or 4.36 rupees per share.

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