S.R. Industries Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 11 Indian paise per share, compared with a loss of 1.32 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 1.5 million rupees, compared with a loss of 1.8 million rupees in the year-earlier period.
The normalized profit margin climbed to 1.3% from negative 1.8% in the year-earlier period.
Total revenue increased 23.6% on an annual basis to 122.7 million rupees from 99.3 million rupees, and total operating expenses rose 19.4% year over year to 103.2 million rupees from 86.4 million rupees.
Reported net income came to 2.5 million rupees, or 18 paise per share, compared to a loss of 2.9 million rupees, or a loss of 2.11 rupees per share, in the year-earlier period.
As of Aug. 12, US$1 was equivalent to 61.08 Indian rupees.
