Sanrhea Technical Textiles Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to 15 Indian paise per share, compared with a loss of 48 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 445,630 rupees, compared with a loss of 1.4 million rupees in the year-earlier period.
The normalized profit margin climbed to 0.6% from negative 2.2% in the year-earlier period.
Total revenue grew 14.4% year over year to 75.6 million rupees from 66.1 million rupees, and total operating expenses grew 9.7% from the prior-year period to 72.2 million rupees from 65.8 million rupees.
Reported net income totaled 531,000 rupees, or 18 paise per share, compared to a loss of 2.3 million rupees, or a loss of 76 paise per share, in the prior-year period.
As of Nov. 18, US$1 was equivalent to 61.75 Indian rupees.
