Hisar Spinning Mills Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 was 1.26 Indian rupees per share, a gain from 57 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 4.7 million rupees, an increase from 2.1 million rupees in the year-earlier period.
The normalized profit margin climbed to 7.3% from 3.6% in the year-earlier period.
Total revenue rose 9.9% on an annual basis to 64.2 million rupees from 58.4 million rupees, and total operating expenses increased from the prior-year period to 56.4 million rupees from 54.2 million rupees.
Reported net income rose year over year to 6.5 million rupees, or 1.74 rupees per share, from 3.0 million rupees, or 82 paise per share.
As of Nov. 17, US$1 was equivalent to 61.80 Indian rupees.
