Gabriel India Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 1.10 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 1.19 rupees per share.

EPS climbed year over year from 1.06 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 157.7 million rupees, a gain from 152.4 million rupees in the prior-year period.

The normalized profit margin rose to 4.2% from 4.0% in the year-earlier period.

Total revenue decreased year over year to 3.72 billion rupees from 3.80 billion rupees, and total operating expenses fell from the prior-year period to 3.47 billion rupees from 3.57 billion rupees.

Reported net income grew 10.7% on an annual basis to 192.9 million rupees, or 1.34 rupees per share, from 174.3 million rupees, or 1.21 rupees per share.

As of Nov. 3, US$1 was equivalent to 65.66 Indian rupees.