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Hawkins Cookers fiscal Q1 profit climbs 43.1% YOY

Hawkins Cookers Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 12.43 Indian rupees per share, an increase of 43.1% from 8.69 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 65.8 million rupees, an increase of 43.1% from 45.9 million rupees in the year-earlier period.

The normalized profit margin climbed to 6.9% from 6.2% in the year-earlier period.

Total revenue climbed 29.4% on an annual basis to 954.1 million rupees from 737.6 million rupees, and total operating expenses grew 27.6% year over year to 852.9 million rupees from 668.2 million rupees.

Reported net income rose 44.6% on an annual basis to 70.7 million rupees, or 13.37 rupees per share, from 48.9 million rupees, or 9.25 rupees per share.

As of July 31, US$1 was equivalent to 60.88 Indian rupees.