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Ventura Textiles fiscal Q3 loss narrows YOY

Ventura Textiles Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was a loss of 8 Indian paise per share, compared with a loss of 44 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 a loss of 1.3 million rupees, compared with a loss of 7.4 million rupees in the year-earlier period.

Reported net income totaled a loss of 2.1 million rupees, or a loss of 13 paise per share, compared to a loss of 11.8 million rupees, or a loss of 71 paise per share, in the prior-year period.

As of Feb. 10, US$1 was equivalent to 67.87 Indian rupees.