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CCL Products (India) fiscal Q1 profit climbs 32.1% YOY

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CCL Products (India) fiscal Q1 profit climbs 32.1% YOY

CCL Products (India) Ltd said its normalized net income for the fiscal first quarter ended June 30 came to 1.22 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 1.24 rupees per share.

EPS increased 32.2% year over year from 92 paise.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 161.8 million rupees, an increase of 32.1% from 122.5 million rupees in the prior-year period.

The normalized profit margin increased to 9.2% from 9.0% in the year-earlier period.

Total revenue increased 29.5% year over year to 1.76 billion rupees from 1.36 billion rupees, and total operating expenses increased 30.3% from the prior-year period to 1.46 billion rupees from 1.12 billion rupees.

Reported net income grew 58.7% on an annual basis to 202.1 million rupees, or 1.52 rupees per share, from 127.3 million rupees, or 96 paise per share.

As of July 21, US$1 was equivalent to 60.32 Indian rupees.