Butterfly Gandhimathi Appliances Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to 3.42 Indian rupees per share, a gain from 79 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 61.1 million rupees, an increase from 14.1 million rupees in the prior-year period.
The normalized profit margin climbed to 2.0% from 0.9% in the year-earlier period.
Total revenue grew 99.9% year over year to 3.11 billion rupees from 1.55 billion rupees, and total operating expenses increased 98.0% on an annual basis to 2.93 billion rupees from 1.48 billion rupees.
Reported net income grew from the prior-year period to 65.4 million rupees, or 3.66 rupees per share, from 14.8 million rupees, or 83 paise per share.
As of Nov. 9, US$1 was equivalent to 66.41 Indian rupees.