Kovilpatti Lakshmi Roller Flour Mills Ltd said its normalized net income for the fiscal first quarter ended June 30 amounted to 1.38 Indian rupees per share, a gain from 1.35 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 6.9 million rupees, an increase from 6.7 million rupees in the year-earlier period.

The normalized profit margin dropped to 1.0% from 1.2% in the year-earlier period.

Total revenue grew 18.1% year over year to 680.2 million rupees from 576.1 million rupees, and total operating expenses rose 18.2% year over year to 650.3 million rupees from 550.3 million rupees.

Reported net income increased 27.2% year over year to 8.5 million rupees, or 1.70 rupees per share, from 6.7 million rupees, or 1.34 rupees per share.

As of Aug. 1, US$1 was equivalent to 60.84 Indian rupees.