Blue Chip Tex Industries Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 1.93 Indian rupees per share, an increase from 84 paise per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.8 million rupees, a gain from 1.6 million rupees in the prior-year period.
The normalized profit margin rose to 2.1% from 1.1% in the year-earlier period.
Total revenue grew 22.6% year over year to 179.2 million rupees from 146.2 million rupees, and total operating expenses increased 21.0% year over year to 171.0 million rupees from 141.3 million rupees.
Reported net income rose year over year to 4.4 million rupees, or 2.25 rupees per share, from 1.3 million rupees, or 68 paise per share.
As of July 30, US$1 was equivalent to 60.35 Indian rupees.
