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Radix Industries fiscal Q1 profit climbs YOY

Radix Industries (India) Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 1.41 Indian rupees per share, a gain from 43 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 14.1 million rupees, a gain from 4.3 million rupees in the year-earlier period.

The normalized profit margin increased to 11.8% from 7.1% in the year-earlier period.

Total revenue rose 96.4% year over year to 119.3 million rupees from 60.7 million rupees, and total operating expenses climbed 78.9% on an annual basis to 96.1 million rupees from 53.7 million rupees.

Reported net income grew year over year to 15.2 million rupees, or 1.52 rupees per share, from 5.5 million rupees, or 55 paise per share.

As of July 23, US$1 was equivalent to 59.95 Indian rupees.