Suryalata Spinning Mills Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 8.10 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 8.04 rupees per share.
EPS climbed year over year from 3.42 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 29.8 million rupees, a gain from 12.6 million rupees in the year-earlier period.
The normalized profit margin climbed to 3.1% from 1.6% in the year-earlier period.
Total revenue grew 21.4% year over year to 974.9 million rupees from 803.0 million rupees, and total operating expenses increased 19.7% from the prior-year period to 900.1 million rupees from 751.8 million rupees.
Reported net income grew from the prior-year period to 31.4 million rupees, or 8.55 rupees per share, from 13.3 million rupees, or 3.62 rupees per share.
As of Aug. 6, US$1 was equivalent to 61.34 Indian rupees.
