Grandeur Products Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 33,750 rupees, compared with 33,750 rupees in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin rose to 3.5% from 3.5% in the year-earlier period.
Total revenue came to 955,000 rupees, compared with 960,000 rupees in the prior-year period, and total operating expenses totaled 901,000 rupees, compared with 906,000 rupees in the year-earlier period.
Reported net income declined 29.6% from the prior-year period to 38,000 rupees, or 1 paisa per share, from 54,000 rupees, or 22 paise per share.
As of Aug. 13, US$1 was equivalent to 61.07 Indian rupees.