Eurotex Industries and Exports Ltd said its normalized net income for the fiscal first quarter ended June 30 came to 69 Indian paise per share, a decrease of 52.3% from 1.44 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 6.0 million rupees, a decline of 52.1% from 12.6 million rupees in the year-earlier period.
The normalized profit margin fell to 0.9% from 2.0% in the year-earlier period.
Total revenue increased 9.5% year over year to 694.1 million rupees from 634.1 million rupees, and total operating expenses increased 15.9% from the prior-year period to 680.5 million rupees from 587.0 million rupees.
Reported net income fell 59.0% year over year to 6.1 million rupees, or 70 paise per share, from 15.0 million rupees, or 1.71 rupees per share.
As of Aug. 11, US$1 was equivalent to 61.19 Indian rupees.
