JMT Auto Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 came to 16.2 million rupees, an increase from 531,250 rupees in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin rose to 1.4% from 0.1% in the year-earlier period.
Total revenue rose on an annual basis to 1.20 billion rupees from 598.4 million rupees, and total operating expenses grew year over year to 1.13 billion rupees from 555.7 million rupees.
Reported net income grew year over year to 16.4 million rupees, or 3 paise per share, from 6.7 million rupees, or 1 paise per share.
As of Nov. 14, US$1 was equivalent to 61.73 Indian rupees.
