Bhilwara Technical Textiles Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 749,380 rupees, a gain of 24.5% from 601,880 rupees in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Reported net income came to 799,000 rupees, or 1 paise per share, compared to 643,000 rupees, or 1 paise per share, in the prior-year period.

As of July 25, US$1 was equivalent to 60.01 Indian rupees.