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Triveni Enterprises fiscal Q1 profit climbs 19.5% YOY

Triveni Enterprises Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 306,250 rupees, an increase of 19.5% from 256,250 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 declined to 0.6% from 0.6% in the year-earlier period.

Total revenue rose 36.5% year over year to 55.2 million rupees from 40.4 million rupees, and total operating expenses grew 37.1% on an annual basis to 54.8 million rupees from 40.0 million rupees.

Reported net income increased 19.7% from the prior-year period to 340,000 rupees, or 1 paisa per share, from 284,000 rupees.

As of July 15, US$1 was equivalent to 63.50 Indian rupees.