Enkei Wheels (India) Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 1.30 Indian rupees per share, compared with a loss of 1.33 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 16.6 million rupees, compared with a loss of 16.3 million rupees in the year-earlier period.
The normalized profit margin rose to 1.7% from negative 2.0% in the year-earlier period.
Total revenue increased 18.2% on an annual basis to 951.9 million rupees from 805.3 million rupees, and total operating expenses increased 10.8% on an annual basis to 905.4 million rupees from 817.0 million rupees.
Reported net income came to 21.3 million rupees, or 1.67 rupees per share, compared to a loss of 26.1 million rupees, or a loss of 2.13 rupees per share, in the year-earlier period.
As of Oct. 30, US$1 was equivalent to 61.37 Indian rupees.