Filatex India Ltd said its normalized net income for the fiscal first quarter ended June 30 came to 79 Indian paise per share, compared with a loss of 4.46 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 25.5 million rupees, compared with a loss of 106.9 million rupees in the year-earlier period.

The normalized profit margin rose to 0.6% from negative 2.9% in the year-earlier period.

Total revenue rose 16.6% year over year to 4.36 billion rupees from 3.74 billion rupees, and total operating expenses rose 13.7% from the prior-year period to 4.20 billion rupees from 3.70 billion rupees.

Reported net income came to 27.4 million rupees, or 85 paise per share, compared to a loss of 106.0 million rupees, or a loss of 4.42 rupees per share, in the prior-year period.

As of Aug. 4, US$1 was equivalent to 61.01 Indian rupees.