Sharp India Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 81 Indian paise per share, compared with a loss of 41 paise per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 21.1 million rupees, compared with a loss of 10.6 million rupees in the prior-year period.
The normalized profit margin climbed to 2.7% from negative 3.6% in the year-earlier period.
Total revenue increased year over year to 796.3 million rupees from 296.7 million rupees, and total operating expenses increased from the prior-year period to 758.5 million rupees from 312.1 million rupees.
Reported net income came to 33.8 million rupees, or 1.30 rupees per share, compared to a loss of 16.9 million rupees, or a loss of 65 paise per share, in the prior-year period.
As of Aug. 6, US$1 was equivalent to 61.34 Indian rupees.
