Universal Starch Chem Allied Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 4.70 Indian rupees per share, an increase from 1.22 rupees per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 19.8 million rupees, a gain from 5.1 million rupees in the year-earlier period.
The normalized profit margin rose to 3.8% from 1.1% in the year-earlier period.
Total revenue increased 10.7% year over year to 516.2 million rupees from 466.4 million rupees, and total operating expenses rose 5.9% year over year to 471.6 million rupees from 445.4 million rupees.
Reported net income grew from the prior-year period to 20.2 million rupees, or 4.81 rupees per share, from 8.2 million rupees, or 1.95 rupees per share.
As of Aug. 8, US$1 was equivalent to 61.15 Indian rupees.
