Triveni Engineering & Industries Ltd said its normalized net income for the fiscal first quarter ended June 30 came to a loss of 22 Indian paise per share, compared with a loss of 59 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 a loss of 56.9 million rupees, compared with a loss of 151.6 million rupees in the year-earlier period.
The normalized profit margin climbed to negative 1.0% from negative 3.6% in the year-earlier period.
Total revenue grew 36.0% year over year to 5.75 billion rupees from 4.23 billion rupees, and total operating expenses increased 34.7% year over year to 5.57 billion rupees from 4.13 billion rupees.
Reported net income came to a loss of 58.9 million rupees, or a loss of 23 paise per share, compared to a loss of 193.0 million rupees, or a loss of 75 paise per share, in the year-earlier period.
As of Aug. 14, US$1 was equivalent to 60.85 Indian rupees.
