T.T. Ltd said its normalized net income for the fiscal first quarter ended June 30 was 72 Indian paise per share, an increase from 35 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 15.4 million rupees, a gain from 7.6 million rupees in the year-earlier period.

The normalized profit margin climbed to 0.8% from 0.5% in the year-earlier period.

Total revenue climbed 22.6% year over year to 1.87 billion rupees from 1.53 billion rupees, and total operating expenses climbed 23.6% on an annual basis to 1.75 billion rupees from 1.42 billion rupees.

Reported net income increased on an annual basis to 15.6 million rupees, or 73 paise per share, from 7.7 million rupees, or 36 paise per share.

As of July 15, US$1 was equivalent to 63.50 Indian rupees.