Indian Terrain Fashions Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 59 Indian paise per share, a gain of 20.7% from 49 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 17.0 million rupees, an increase of 20.4% from 14.1 million rupees in the year-earlier period.
The normalized profit margin declined to 3.3% from 3.5% in the year-earlier period.
Total revenue rose 26.6% year over year to 517.3 million rupees from 408.6 million rupees, and total operating expenses increased 28.5% from the prior-year period to 468.1 million rupees from 364.4 million rupees.
Reported net income increased 20.4% from the prior-year period to 27.2 million rupees, or 94 paise per share, from 22.6 million rupees, or 78 paise per share.
As of Aug. 11, US$1 was equivalent to 61.19 Indian rupees.
