Sunil Agro Foods Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 82 Indian paise per share, an increase from 81 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 2.5 million rupees, a gain from 2.4 million rupees in the prior-year period.
The normalized profit margin climbed to 1.0% from 0.9% in the year-earlier period.
Total revenue declined 5.9% on an annual basis to 252.1 million rupees from 268.0 million rupees, and total operating expenses declined 5.4% year over year to 247.7 million rupees from 262.0 million rupees.
Reported net income increased from the prior-year period to 2.7 million rupees, or 91 paise per share, from 2.7 million rupees, or 90 paise per share.
As of Aug. 6, US$1 was equivalent to 61.34 Indian rupees.
