JMT Auto Ltd said its normalized net income for the fiscal first quarter ended June 30 came to 34.1 million rupees, an increase from 677,500 rupees in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin increased to 2.8% from 0.1% in the year-earlier period.
Total revenue increased 80.4% on an annual basis to 1.21 billion rupees from 672.3 million rupees, and total operating expenses grew 78.9% year over year to 1.12 billion rupees from 627.2 million rupees.
Reported net income rose from the prior-year period to 35.9 million rupees, or 7 paise per share, from 884,000 rupees, or 0 paise per share.
As of July 30, US$1 was equivalent to 60.35 Indian rupees.
