REIL Electricals India Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to 33 Indian paise per share, compared with a loss of 28 paise per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.3 million rupees, compared with a loss of 1.0 million rupees in the prior-year period.
The normalized profit margin increased to 3.4% from negative 3.1% in the year-earlier period.
Total revenue rose 11.0% year over year to 36.5 million rupees from 32.9 million rupees, and total operating expenses came to 33.8 million rupees, compared with 33.5 million rupees in the year-earlier period.
Reported net income totaled 2.0 million rupees, or 53 paise per share, compared to a loss of 1.6 million rupees, or a loss of 44 paise per share, in the prior-year period.
As of Feb. 8, US$1 was equivalent to 68.00 Indian rupees.