Tasty Bite Eatables Ltd said its normalized net income for the fiscal first quarter ended June 30 came to 9.34 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 3.09 rupees per share.

The per-share result swung to a profit from the prior-year loss of 2.29 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 24.0 million rupees, compared with a loss of 5.9 million rupees in the year-earlier period.

The normalized profit margin increased to 5.5% from negative 2.4% in the year-earlier period.

Total revenue grew 77.5% on an annual basis to 435.4 million rupees from 245.3 million rupees, and total operating expenses grew 54.3% from the prior-year period to 393.0 million rupees from 254.7 million rupees.

Reported net income totaled 25.7 million rupees, or 10.00 rupees per share, compared to a loss of 7.3 million rupees, or a loss of 2.85 rupees per share, in the prior-year period.

As of Aug. 14, US$1 was equivalent to 60.85 Indian rupees.