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Fairdeal Filaments fiscal Q1 profit climbs 25.7% YOY

Fairdeal Filaments Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 46 Indian paise per share, a gain of 26.5% from 36 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.8 million rupees, a gain of 25.7% from 1.5 million rupees in the prior-year period.

The normalized profit margin increased to 0.5% from 0.4% in the year-earlier period.

Total revenue rose 5.3% year over year to 395.3 million rupees from 375.3 million rupees, and total operating expenses climbed 5.4% from the prior-year period to 381.9 million rupees from 362.3 million rupees.

Reported net income grew year over year to 3.4 million rupees, or 84 paise per share, from 1.7 million rupees, or 41 paise per share.

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