Swasti Vinayaka Art & Heritage Corp. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to 12 Indian paise per share, an increase from 3 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 4.9 million rupees, an increase from 1.1 million rupees in the year-earlier period.
The normalized profit margin rose to 19.1% from 5.8% in the year-earlier period.
Total revenue increased 33.6% year over year to 25.7 million rupees from 19.2 million rupees, and total operating expenses climbed from the prior-year period to 14.3 million rupees from 13.7 million rupees.
Reported net income increased year over year to 5.2 million rupees, or 13 paise per share, from 1.2 million rupees, or 3 paise per share.
As of Oct. 15, US$1 was equivalent to 61.40 Indian rupees.
