Reliance Chemotex Industries Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 1.82 Indian rupees per share, a decline of 9.8% from 2.02 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 12.1 million rupees, compared with 12.1 million rupees in the year-earlier period.
The normalized profit margin dropped to 2.0% from 2.4% in the year-earlier period.
Total revenue increased 15.0% on an annual basis to 593.4 million rupees from 515.9 million rupees, and total operating expenses climbed 15.4% on an annual basis to 549.6 million rupees from 476.2 million rupees.
Reported net income declined year over year to 14.6 million rupees, or 2.19 rupees per share, from 15.0 million rupees, or 2.50 rupees per share.
As of Aug. 19, US$1 was equivalent to 60.69 Indian rupees.
