KDDL Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 15 Indian paise per share, compared with a loss of 56 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 1.5 million rupees, compared with a loss of 5.1 million rupees in the year-earlier period.
The normalized profit margin climbed to 0.2% from negative 0.8% in the year-earlier period.
Total revenue increased 26.7% year over year to 832.2 million rupees from 657.0 million rupees, and total operating expenses grew 26.0% on an annual basis to 804.5 million rupees from 638.7 million rupees.
Reported net income totaled a loss of 100,000 rupees, or a loss of 1 paise per share, compared to a loss of 9.6 million rupees, or a loss of 1.06 rupees per share, in the year-earlier period.
As of Aug. 7, US$1 was equivalent to 61.24 Indian rupees.
