Inceptum Enterprises Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 37,490 rupees, a gain from 12,610 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 declined to 1.2% from 2.4% in the year-earlier period.

Total revenue rose year over year to 3.1 million rupees from 529,210 rupees, and total operating expenses increased from the prior-year period to 3.1 million rupees from 509,030 rupees.

Reported net income grew on an annual basis to 59,990 rupees, or 1 paise per share, from 20,180 rupees, or 1 paise per share.

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