Welspun India Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 1.05 Indian rupees per share, a gain of 26.1% from 83 paise per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.05 billion rupees, an increase of 26.4% from 833.1 million rupees in the year-earlier period.
The normalized profit margin climbed to 10.4% from 9.8% in the year-earlier period.
Total revenue increased 19.1% year over year to 10.13 billion rupees from 8.50 billion rupees, and total operating expenses grew 20.4% year over year to 8.31 billion rupees from 6.90 billion rupees.
Reported net income grew 16.8% on an annual basis to 1.05 billion rupees, or 1.04 rupees per share, from 898.8 million rupees, or 90 paise per share.
As of July 30, US$1 was equivalent to 60.35 Indian rupees.
