India, May 28 -- On Thursday, BRP Inc. (DOO), a powersports and marine company, reported lower profit for the first fiscal quarter, ending April 30, 2026, despite higher revenue generated by higher ORV and PWC shipments.
The net income for the first quarter went down to C$127.3 million, from C$161.0 million in 2025. The decrease in profit was attributable to an unfavorable foreign exchange rate variation on the U.S.-denominated long-term debt and to a higher income tax expense. The decrease was partially offset by a higher operating income.
The earnings per share for the first quarter were C$1.73 per share, compared with C$2.19 per share in 2025.
The normalized net income for the first quarter increased to C$134.5 million, from C$34.6 mi...