G.M.Breweries Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 6.88 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 7.05 rupees per share.
EPS increased year over year from 1.47 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 100.6 million rupees, a gain from 21.6 million rupees in the prior-year period.
The normalized profit margin increased to 10.7% from 2.9% in the year-earlier period.
Total revenue increased 24.9% year over year to 937.8 million rupees from 750.6 million rupees, and total operating expenses climbed 8.9% on an annual basis to 770.6 million rupees from 707.5 million rupees.
Reported net income increased from the prior-year period to 94.3 million rupees, or 6.45 rupees per share, from 23.3 million rupees, or 1.59 rupees per share.
As of Oct. 20, US$1 was equivalent to 64.96 Indian rupees.