Zenith Fibres Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 2.14 Indian rupees per share, a gain of 6.0% from 2.02 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 9.5 million rupees, an increase of 5.7% from 8.9 million rupees in the year-earlier period.
The normalized profit margin fell to 5.8% from 7.0% in the year-earlier period.
Total revenue rose 27.5% on an annual basis to 161.8 million rupees from 127.0 million rupees, and total operating expenses grew 29.7% from the prior-year period to 151.0 million rupees from 116.4 million rupees.
Reported net income grew 53.8% on an annual basis to 14.6 million rupees, or 3.30 rupees per share, from 9.5 million rupees, or 2.14 rupees per share.
As of July 30, US$1 was equivalent to 60.35 Indian rupees.
