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Padmanabh Industries fiscal Q3 loss widens 86.9% YOY

Padmanabh Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 44,380 rupees, compared with a loss of 23,750 rupees in the year-earlier period.

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

Reported net income totaled a loss of 71,000 rupees, compared with a loss of 38,000 rupees, or a loss of 1 paise per share, in the prior-year period.

As of Jan. 16, US$1 was equivalent to 61.69 Indian rupees.