Mirza International Ltd said its normalized net income for the fiscal first quarter ended June 30 came to 1.02 Indian rupees per share, a gain of 26.0% from 81 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 94.3 million rupees, an increase of 26.9% from 74.3 million rupees in the year-earlier period.

The normalized profit margin fell to 4.5% from 4.7% in the year-earlier period.

Total revenue increased 34.5% year over year to 2.11 billion rupees from 1.57 billion rupees, and total operating expenses grew 30.2% year over year to 1.87 billion rupees from 1.44 billion rupees.

Reported net income grew 24.4% from the prior-year period to 97.5 million rupees, or 1.05 rupees per share, from 78.4 million rupees, or 85 paise per share.

As of July 24, US$1 was equivalent to 60.11 Indian rupees.