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Kemp fiscal Q1 profit climbs 25.7% YOY

Kemp and Company Ltd said its normalized net income for the fiscal first quarter ended June 30 amounted to 53 Indian paise per share, a gain of 25.0% 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 580,630 rupees, a gain of 25.7% from 461,880 rupees in the year-earlier period.

The normalized profit margin increased to 3.0% from 2.8% in the year-earlier period.

Total revenue rose 17.6% on an annual basis to 19.4 million rupees from 16.5 million rupees, and total operating expenses climbed 13.5% from the prior-year period to 18.3 million rupees from 16.1 million rupees.

Reported net income rose year over year to 556,000 rupees, or 51 paise per share, from 542,000 rupees, or 50 paise per share.

As of Aug. 14, US$1 was equivalent to 65.08 Indian rupees.