Talbros Automotive Components Ltd said its normalized net income for the fiscal first quarter ended June 30 came to 2.09 Indian rupees per share, a decline from 2.14 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 25.9 million rupees, a decline from 26.5 million rupees in the prior-year period.
The normalized profit margin dropped to 2.8% from 2.9% in the year-earlier period.
Total revenue came to 922.5 million rupees, compared with 919.7 million rupees in the prior-year period, and total operating expenses climbed from the prior-year period to 849.9 million rupees from 841.3 million rupees.
Reported net income decreased 23.9% from the prior-year period to 29.1 million rupees, or 2.35 rupees per share, from 38.2 million rupees, or 3.09 rupees per share.
As of Aug. 20, US$1 was equivalent to 60.61 Indian rupees.
