Minda Corp. Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 88 Indian paise per share, a gain from 41 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 183.5 million rupees, an increase from 85.4 million rupees in the prior-year period.
The normalized profit margin increased to 3.8% from 2.2% in the year-earlier period.
Total revenue rose 26.4% on an annual basis to 4.80 billion rupees from 3.80 billion rupees, and total operating expenses climbed 22.5% on an annual basis to 4.46 billion rupees from 3.64 billion rupees.
Reported net income rose 87.0% year over year to 217.3 million rupees, or 1.04 rupees per share, from 116.2 million rupees, or 56 paise per share.
As of Nov. 21, US$1 was equivalent to 61.66 Indian rupees.
