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Winsome Textile Industries posts fiscal Q1 profit

Winsome Textile Industries Ltd said its normalized net income for the fiscal first quarter ended June 30 amounted to 34.0 million rupees.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 1.9%.

Total revenue came to 1.76 billion rupees, and total operating expenses came to 1.55 billion rupees.

Reported net income totaled 54.4 million rupees, or 2.75 rupees per share.

As of Aug. 20, US$1 was equivalent to 60.61 Indian rupees.