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RCL Retail fiscal Q2 loss narrows YOY

RCL Retail Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30, 2015, amounted to 271,880 rupees, compared with a loss of 1.1 million rupees in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to negative 4.9% from negative 60.6% in the year-earlier period.

Total revenue climbed on an annual basis to 5.6 million rupees from 1.8 million rupees, and total operating expenses rose on an annual basis to 5.3 million rupees from 2.4 million rupees.

Reported net income totaled a loss of 435,000 rupees, compared with a loss of 1.8 million rupees in the prior-year period.

As of Feb. 15, US$1 was equivalent to 68.14 Indian rupees.