Dharani Finance Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 2.0 million rupees, compared with a loss of 337,500 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 rose to 32.1% from negative 5.7% in the year-earlier period.

Total revenue climbed on an annual basis to 6.2 million rupees from 6.0 million rupees, and total operating expenses declined 52.9% from the prior-year period to 3.7 million rupees from 7.8 million rupees.

Reported net income came to 3.2 million rupees, compared with a loss of 540,000 rupees, or a loss of 11 paise per share, in the prior-year period.

As of Feb. 11, US$1 was equivalent to 68.37 Indian rupees.