Kewal Kiran Clothing Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 18.56 Indian rupees per share, a gain from 17.91 rupees per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 228.8 million rupees, a gain from 220.8 million rupees in the prior-year period.
The normalized profit margin declined to 17.7% from 19.1% in the year-earlier period.
Total revenue grew 11.5% on an annual basis to 1.29 billion rupees from 1.16 billion rupees, and total operating expenses climbed 16.0% on an annual basis to 942.6 million rupees from 812.9 million rupees.
Reported net income increased from the prior-year period to 242.6 million rupees, or 19.68 rupees per share, from 235.3 million rupees, or 19.09 rupees per share.
As of Oct. 17, US$1 was equivalent to 61.46 Indian rupees.
