Warren Tea Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 2.27 Indian rupees per share, an increase of 72.5% from 1.32 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 27.2 million rupees, a gain of 72.6% from 15.8 million rupees in the prior-year period.
The normalized profit margin rose to 11.1% from 10.2% in the year-earlier period.
Total revenue rose 59.1% on an annual basis to 244.7 million rupees from 153.8 million rupees, and total operating expenses rose 54.3% from the prior-year period to 202.7 million rupees from 131.4 million rupees.
Reported net income rose 72.6% year over year to 43.5 million rupees, or 3.64 rupees per share, from 25.2 million rupees, or 2.11 rupees per share.
As of Aug. 8, US$1 was equivalent to 61.15 Indian rupees.
