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Bhilwara Spinners fiscal Q3 profit climbs YOY

Bhilwara Spinners Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 7 Indian paise per share, a gain from 2 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 455,630 rupees, an increase from 146,250 rupees in the prior-year period.

Reported net income increased from the prior-year period to 6.7 million rupees, or 99 paise per share, from 234,000 rupees, or 3 paise per share.

As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.