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Reliance Chemotex Industries fiscal Q2 profit falls YOY

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Reliance Chemotex Industries fiscal Q2 profit falls YOY

4913520 said its normalized net income for the fiscal second quarter ended Sept. 30 was 980,000 rupees, a decrease of 94.4% from 17.4 million rupees in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to 0.2% from 3.0% in the year-earlier period.

Total revenue grew 7.3% on an annual basis to 629.8 million rupees from 586.7 million rupees, and total operating expenses increased 6.4% from the prior-year period to 605.7 million rupees from 569.5 million rupees.

eported net income fell 94.4% from the prior-year period Reliance Chemotex Industries Ltd.