IEC Education Ltd said its normalized net income for the fiscal first quarter ended June 30 came to 196,250 rupees, an increase of 6.4% from 184,380 rupees in the prior-year period.

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

Reported net income totaled 34,000 rupees, compared with 69,000 rupees in the year-earlier period.

As of Aug. 7, US$1 was equivalent to 63.74 Indian rupees.