Rane Brake Lining Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 3.44 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 6.96 rupees per share.
EPS rose 62.8% year over year from 2.11 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 27.2 million rupees, an increase of 63.1% from 16.7 million rupees in the prior-year period.
The normalized profit margin climbed to 2.7% from 1.8% in the year-earlier period.
Total revenue grew 8.8% on an annual basis to 1.02 billion rupees from 933.3 million rupees, and total operating expenses climbed 7.5% from the prior-year period to 956.5 million rupees from 890.2 million rupees.
Reported net income rose 46.5% year over year to 35.8 million rupees, or 4.52 rupees per share, from 24.4 million rupees, or 3.09 rupees per share.
As of July 22, US$1 was equivalent to 60.17 Indian rupees.
