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Super Sales India fiscal Q2 profit falls YOY

Super Sales India Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 was 9.33 Indian rupees per share, a decrease of 40.7% from 15.74 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 28.6 million rupees, a decrease of 40.7% from 48.3 million rupees in the prior-year period.

The normalized profit margin fell to 4.7% from 8.2% in the year-earlier period.

Total revenue climbed on an annual basis to 607.4 million rupees from 588.1 million rupees, and total operating expenses rose 11.1% on an annual basis to 551.3 million rupees from 496.3 million rupees.

Reported net income decreased 28.8% from the prior-year period to 36.8 million rupees, or 11.98 rupees per share, from 51.7 million rupees, or 16.83 rupees per share.

As of Oct. 27, US$1 was equivalent to 61.30 Indian rupees.