Triton Valves Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 14.34 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 8.91 rupees per share.

EPS rose year over year from 5.64 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 14.2 million rupees, a gain from 5.6 million rupees in the year-earlier period.

The normalized profit margin increased to 3.4% from 1.5% in the year-earlier period.

Total revenue climbed 12.1% on an annual basis to 416.8 million rupees from 371.9 million rupees, and total operating expenses grew 9.8% year over year to 378.7 million rupees from 345.0 million rupees.

Reported net income increased from the prior-year period to 15.4 million rupees, or 15.60 rupees per share, from 6.4 million rupees, or 6.43 rupees per share.

As of Aug. 14, US$1 was equivalent to 60.85 Indian rupees.