Delta Corp. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 86.9 million rupees, compared with a loss of 1.4 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 increased to 9.3% from negative 0.2% in the year-earlier period.

Total revenue rose 23.2% year over year to 935.9 million rupees from 759.6 million rupees, and total operating expenses increased 9.6% from the prior-year period to 714.7 million rupees from 652.1 million rupees.

Reported net income totaled 64.6 million rupees, or 28 paise per share, compared to a loss of 35.5 million rupees, or a loss of 16 paise per share, in the year-earlier period.

As of Oct. 21, US$1 was equivalent to 65.20 Indian rupees.