Indian Acrylics Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 15 Indian paise per share, compared with a loss of 37 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 20.3 million rupees, compared with a loss of 50.3 million rupees in the year-earlier period.
The normalized profit margin increased to 1.3% from negative 3.4% in the year-earlier period.
Total revenue rose 5.2% year over year to 1.57 billion rupees from 1.49 billion rupees, and total operating expenses declined from the prior-year period to 1.53 billion rupees from 1.56 billion rupees.
Reported net income totaled 32.5 million rupees, or 24 paise per share, compared to a loss of 80.8 million rupees, or a loss of 60 paise per share, in the prior-year period.
As of Feb. 12, US$1 was equivalent to 68.19 Indian rupees.