Shukra Jewellery Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 263,130 rupees, a gain from 121,880 rupees in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 0.3% from 0.2% in the year-earlier period.

Total revenue increased 50.5% year over year to 81.4 million rupees from 54.1 million rupees, and total operating expenses climbed 50.2% year over year to 81.0 million rupees from 53.9 million rupees.

Reported net income rose on an annual basis to 421,000 rupees, or 3 paise per share, from 195,000 rupees.

As of July 31, US$1 was equivalent to 63.88 Indian rupees.