Sarup Industries Ltd said its normalized net income for the fiscal first quarter ended June 30 came to 1.26 Indian rupees per share, an increase of 88.2% from 67 paise per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 4.1 million rupees, a gain of 87.8% from 2.2 million rupees in the prior-year period.
The normalized profit margin rose to 2.3% from 2.0% in the year-earlier period.
Total revenue grew 61.4% on an annual basis to 175.0 million rupees from 108.4 million rupees, and total operating expenses grew 63.0% year over year to 164.4 million rupees from 100.9 million rupees.
Reported net income increased 75.7% on an annual basis to 5.3 million rupees, or 1.62 rupees per share, from 3.0 million rupees, or 92 paise per share.
As of Aug. 11, US$1 was equivalent to 61.19 Indian rupees.
