Raghuvir Synthetics Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 38 Indian paise per share, an increase of 6.3% from 35 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 1.4 million rupees, a gain from 1.4 million rupees in the year-earlier period.
The normalized profit margin fell to 1.3% from 1.5% in the year-earlier period.
Total revenue rose 16.1% on an annual basis to 105.5 million rupees from 90.9 million rupees, and total operating expenses climbed 17.5% year over year to 104.6 million rupees from 89.0 million rupees.
Reported net income declined 80.0% from the prior-year period to 338,000 rupees, or 9 paise per share, from 1.7 million rupees, or 44 paise per share.
As of Aug. 13, US$1 was equivalent to 65.29 Indian rupees.