Zenith Exports Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to 1.49 Indian rupees per share, compared with a loss of 5 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 8.1 million rupees, compared with a loss of 250,000 rupees in the year-earlier period.
The normalized profit margin increased to 1.2% from negative 0.0% in the year-earlier period.
Total revenue fell 5.5% on an annual basis to 670.5 million rupees from 709.4 million rupees, and total operating expenses decreased 7.8% year over year to 657.8 million rupees from 713.6 million rupees.
Reported net income totaled 10.4 million rupees, or 1.92 rupees per share, compared to a loss of 700,000 rupees, or a loss of 13 paise per share, in the prior-year period.
As of Nov. 13, US$1 was equivalent to 66.19 Indian rupees.