Sutlej Textiles & Industries Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 1.54 Indian rupees per share, an increase of 20.9% from 1.28 rupees per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 252.5 million rupees, a gain of 20.8% from 208.9 million rupees in the prior-year period.
The normalized profit margin rose to 5.1% from 4.7% in the year-earlier period.
Total revenue rose 11.1% year over year to 4.92 billion rupees from 4.43 billion rupees, and total operating expenses rose 11.9% year over year to 4.50 billion rupees from 4.02 billion rupees.
Reported net income increased 26.8% year over year to 357.4 million rupees, or 2.18 rupees per share, from 281.9 million rupees, or 1.72 rupees per share.
As of Aug. 8, US$1 was equivalent to 61.15 Indian rupees.
