Cox & Kings Ltd said its normalized net income for the fiscal first quarter ended June 30 was 8.46 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 9.00 rupees per share.

EPS declined year over year from 8.66 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.16 billion rupees, a decline from 1.18 billion rupees in the prior-year period.

The normalized profit margin declined to 15.6% from 20.2% in the year-earlier period.

Total revenue grew 26.0% on an annual basis to 7.39 billion rupees from 5.86 billion rupees, and total operating expenses increased 26.0% from the prior-year period to 4.39 billion rupees from 3.48 billion rupees.

Reported net income declined 5.0% year over year to 1.28 billion rupees, or 9.38 rupees per share, from 1.35 billion rupees, or 9.87 rupees per share.

As of Aug. 14, US$1 was equivalent to 60.85 Indian rupees.