Jay Bharat Maruti Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 2.94 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 3.27 rupees per share.
EPS increased 32.4% year over year from 2.22 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 63.8 million rupees, an increase of 32.5% from 48.2 million rupees in the year-earlier period.
The normalized profit margin rose to 2.2% from 1.8% in the year-earlier period.
Total revenue increased 10.4% year over year to 2.92 billion rupees from 2.64 billion rupees, and total operating expenses increased 9.7% on an annual basis to 2.77 billion rupees from 2.52 billion rupees.
Reported net income increased 32.8% year over year to 67.6 million rupees, or 3.12 rupees per share, from 50.9 million rupees, or 2.35 rupees per share.
As of July 10, US$1 was equivalent to 60.13 Indian rupees.
