Rane Brake Lining Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to 2.01 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 5.00 rupees per share.
EPS climbed 27.5% year over year from 1.58 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 15.9 million rupees, an increase of 27.3% from 12.5 million rupees in the prior-year period.
The normalized profit margin increased to 1.6% from 1.4% in the year-earlier period.
Total revenue climbed 12.2% on an annual basis to 998.2 million rupees from 889.5 million rupees, and total operating expenses rose 12.5% year over year to 967.7 million rupees from 860.1 million rupees.
Reported net income fell 37.9% from the prior-year period to 17.4 million rupees, or 2.20 rupees per share, from 28.0 million rupees, or 3.54 rupees per share.
As of Oct. 20, US$1 was equivalent to 61.26 Indian rupees.
