Talwalkars Better Value Fitness Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 1.07 Indian rupees per share, a gain of 20.1% from 89 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 27.9 million rupees, an increase of 20.1% from 23.3 million rupees in the year-earlier period.

The normalized profit margin climbed to 7.0% from 7.0% in the year-earlier period.

Total revenue increased 19.6% year over year to 400.0 million rupees from 334.5 million rupees, and total operating expenses rose 20.9% from the prior-year period to 312.9 million rupees from 258.8 million rupees.

Reported net income grew 18.5% from the prior-year period to 40.3 million rupees, or 1.54 rupees per share, from 34.0 million rupees, or 1.30 rupees per share.

As of Aug. 7, US$1 was equivalent to 61.24 Indian rupees.