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La Opala RG profit misses consensus by 20.9% in fiscal Q1

La Opala RG Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 1.04 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 1.31 rupees per share.

EPS climbed 45.6% year over year from 71 paise.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 54.9 million rupees, an increase of 45.7% from 37.7 million rupees in the year-earlier period.

The normalized profit margin increased to 13.5% from 12.0% in the year-earlier period.

Total revenue grew 30.0% on an annual basis to 408.0 million rupees from 313.8 million rupees, and total operating expenses rose 30.0% year over year to 320.1 million rupees from 246.3 million rupees.

Reported net income rose 35.8% year over year to 61.1 million rupees, or 1.15 rupees per share, from 45.0 million rupees, or 85 paise per share.

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