REIL Electricals India Ltd said its normalized net income for the fiscal first quarter ended June 30 came to 16 Indian paise per share, compared with a loss of 51 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 607,500 rupees, compared with a loss of 1.9 million rupees in the prior-year period.

The normalized profit margin rose to 1.5% from negative 5.4% in the year-earlier period.

Total revenue increased 18.8% on an annual basis to 41.6 million rupees from 35.0 million rupees, and total operating expenses increased 7.0% year over year to 39.7 million rupees from 37.1 million rupees.

Reported net income totaled 972,000 rupees, or 26 paise per share, compared to a loss of 3.0 million rupees, or a loss of 81 paise per share, in the prior-year period.

As of Aug. 12, US$1 was equivalent to 64.75 Indian rupees.