Inceptum Enterprises Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 42,880 rupees, a rise of 14.4% from 37,490 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 1.2% from 1.2% in the year-earlier period.

Total revenue increased 14.5% on an annual basis to 3.6 million rupees from 3.1 million rupees, and total operating expenses increased 14.5% from the prior-year period to 3.5 million rupees from 3.1 million rupees.

Reported net income increased 14.4% year over year to 68,610 rupees, or 2 paise per share, from 59,990 rupees, or 1 paise per share.

As of Aug. 14, US$1 was equivalent to 65.08 Indian rupees.