Tilaknagar Industries Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 1.95 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 80 paise per share.

EPS climbed 92.2% year over year from 1.01 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 245.9 million rupees, a gain of 92.2% from 127.9 million rupees in the prior-year period.

The normalized profit margin rose to 15.0% from 7.7% in the year-earlier period.

Total revenue declined on an annual basis to 1.64 billion rupees from 1.67 billion rupees, and total operating expenses declined 21.3% on an annual basis to 1.05 billion rupees from 1.33 billion rupees.

Reported net income grew 78.8% year over year to 308.9 million rupees, or 2.45 rupees per share, from 172.7 million rupees, or 1.37 rupees per share.

As of Aug. 14, US$1 was equivalent to 60.85 Indian rupees.