Bajaj Auto Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 35.39 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 33.93 rupees per share.

EPS rose year over year from 33.99 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 10.24 billion rupees, a gain from 9.84 billion rupees in the prior-year period.

The normalized profit margin increased to 16.9% from 16.2% in the year-earlier period.

Total revenue totaled 60.55 billion rupees, compared with 60.80 billion rupees in the year-earlier period, and total operating expenses came to 48.37 billion rupees, compared with 48.41 billion rupees in the year-earlier period.

Reported net income grew 7.2% from the prior-year period to 12.01 billion rupees, or 41.50 rupees per share, from 11.20 billion rupees, or 38.70 rupees per share.

As of Oct. 28, US$1 was equivalent to 66.80 Indian rupees.