K.P.R. Mill Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 4.45 Indian rupees per share, an increase of 41.5% from 3.14 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 335.4 million rupees, a gain of 41.6% from 236.9 million rupees in the prior-year period.
The normalized profit margin climbed to 5.7% from 5.0% in the year-earlier period.
Total revenue increased 25.3% year over year to 5.94 billion rupees from 4.74 billion rupees, and total operating expenses rose 28.9% from the prior-year period to 5.25 billion rupees from 4.07 billion rupees.
Reported net income rose 39.1% on an annual basis to 394.0 million rupees, or 5.22 rupees per share, from 283.3 million rupees, or 3.76 rupees per share.
As of Aug. 4, US$1 was equivalent to 61.01 Indian rupees.