Delta Corp. Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 27.8 million rupees, compared with a loss of 93.9 million rupees in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to 3.4% from negative 16.9% in the year-earlier period.

Total revenue increased 46.2% year over year to 814.5 million rupees from 557.1 million rupees, and total operating expenses increased 10.3% year over year to 675.9 million rupees from 612.7 million rupees.

Reported net income totaled 1.0 million rupees, compared with a loss of 195.7 million rupees, or a loss of 86 paise per share, in the prior-year period.

As of July 16, US$1 was equivalent to 63.48 Indian rupees.