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PPAP Automotive profit misses consensus by 34.7% in fiscal Q1

4916501 said its normalized net income for the fiscal first quarter ended June 30 was 2.04 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 3.12 rupees per share.

EPS climbed 31.0% year over year from 1.56 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 28.6 million rupees, a gain of 31.2% from 21.8 million rupees in the year-earlier period.

The normalized profit margin climbed to 3.9% from 2.9% in the year-earlier period.

Total revenue fell year over year to 732.3 million rupees from 741.0 million rupees, and total operating expenses decreased from the prior-year period to 666.3 million rupees from 696.3 million rupees.

eported net income increased 23.4% from the prior-yea PPAP Automotive Ltd..