Munjal Showa Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 4.15 Indian rupees per share, a gain of 15.7% from 3.58 rupees per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 165.9 million rupees, a gain of 15.6% from 143.4 million rupees in the year-earlier period.
The normalized profit margin rose to 3.8% from 3.6% in the year-earlier period.
Total revenue grew 9.4% year over year to 4.36 billion rupees from 3.99 billion rupees, and total operating expenses increased 9.1% on an annual basis to 4.12 billion rupees from 3.77 billion rupees.
Reported net income fell on an annual basis to 190.3 million rupees, or 4.76 rupees per share, from 196.5 million rupees, or 4.91 rupees per share.
As of July 31, US$1 was equivalent to 60.88 Indian rupees.
