Porwal Auto Components Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to 10 Indian paise per share, compared with a loss of 20 paise per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.5 million rupees, compared with a loss of 3.0 million rupees in the prior-year period.
The normalized profit margin climbed to 1.0% from negative 3.1% in the year-earlier period.
Total revenue increased 58.1% year over year to 157.1 million rupees from 99.4 million rupees, and total operating expenses increased 45.1% on an annual basis to 150.0 million rupees from 103.4 million rupees.
Reported net income totaled 2.4 million rupees, or 16 paise per share, compared to a loss of 4.9 million rupees, or a loss of 32 paise per share, in the year-earlier period.
As of Oct. 30, US$1 was equivalent to 61.37 Indian rupees.