Shrenuj & Company Ltd said its normalized net income for the fiscal first quarter ended June 30 was 74 Indian paise per share, compared with the S&P Capital IQ consensus estimate of 56 paise per share.
EPS increased 12.5% year over year from 66 paise.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 143.2 million rupees, an increase of 12.2% from 127.7 million rupees in the year-earlier period.
The normalized profit margin declined to 1.1% from 1.3% in the year-earlier period.
Total revenue climbed 34.9% on an annual basis to 13.44 billion rupees from 9.96 billion rupees, and total operating expenses rose 36.4% on an annual basis to 12.80 billion rupees from 9.38 billion rupees.
Reported net income grew 20.0% year over year to 205.1 million rupees, or 1.06 rupees per share, from 170.9 million rupees, or 89 paise per share.
As of Aug. 11, US$1 was equivalent to 61.19 Indian rupees.
