Raghuvir Synthetics Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 35 Indian paise per share, compared with a loss of 17 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 1.4 million rupees, compared with a loss of 685,630 rupees in the year-earlier period.
The normalized profit margin increased to 1.5% from negative 0.9% in the year-earlier period.
Total revenue rose 19.9% on an annual basis to 90.9 million rupees from 75.8 million rupees, and total operating expenses rose 15.8% on an annual basis to 89.0 million rupees from 76.9 million rupees.
Reported net income totaled 1.7 million rupees, or 44 paise per share, compared to a loss of 1.1 million rupees, or a loss of 28 paise per share, in the year-earlier period.
As of Aug. 19, US$1 was equivalent to 60.69 Indian rupees.
