Gorani Industries Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 3 Indian paise per share, compared with a loss of 33 paise per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 140,630 rupees, compared with a loss of 1.6 million rupees in the year-earlier period.
The normalized profit margin climbed to 1.4% from negative 92.5% in the year-earlier period.
Total revenue grew on an annual basis to 9.8 million rupees from 1.7 million rupees, and total operating expenses rose on an annual basis to 9.6 million rupees from 4.3 million rupees.
Reported net income came to 225,000 rupees, or 4 paise per share, compared to a loss of 2.6 million rupees, or a loss of 52 paise per share, in the year-earlier period.
As of July 31, US$1 was equivalent to 60.88 Indian rupees.
