Maral Overseas Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to 29 Indian paise per share, an increase of 91.4% from 15 paise per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 14.8 million rupees, a decline of 27.4% from 20.3 million rupees in the year-earlier period.
The normalized profit margin fell to 0.9% from 1.3% in the year-earlier period.
Total revenue came to 1.59 billion rupees, compared with 1.60 billion rupees in the prior-year period, and total operating expenses totaled 1.55 billion rupees, compared with 1.57 billion rupees in the year-earlier period.
Reported net income grew 21.8% on an annual basis to 31.3 million rupees, or 61 paise per share, from 25.7 million rupees, or 19 paise per share.
As of Nov. 6, US$1 was equivalent to 66.11 Indian rupees.