JBF Industries Ltd said its normalized net income for the fiscal first quarter ended June 30 amounted to 4.53 Indian rupees per share, compared with a loss of 4.38 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 306.0 million rupees, compared with a loss of 312.0 million rupees in the year-earlier period.

The normalized profit margin rose to 1.5% from negative 1.5% in the year-earlier period.

Total revenue totaled 20.86 billion rupees, compared with 20.93 billion rupees in the prior-year period, and total operating expenses decreased from the prior-year period to 19.43 billion rupees from 19.88 billion rupees.

Reported net income totaled 278.9 million rupees, or 4.13 rupees per share, compared to a loss of 410.6 million rupees, or a loss of 5.76 rupees per share, in the year-earlier period.

As of Aug. 13, US$1 was equivalent to 61.07 Indian rupees.