Concrete Credit Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 41,880 rupees, an increase from 630 rupees in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin rose to 0.2% from 0.2% in the year-earlier period.
Total revenue rose on an annual basis to 18.5 million rupees from 289,000 rupees, and total operating expenses rose from the prior-year period to 18.5 million rupees from 288,000 rupees.
Reported net income increased on an annual basis to 47,000 rupees, or 1 paisa per share, from 1,000 rupees.
As of Aug. 8, US$1 was equivalent to 61.15 Indian rupees.
