ANS Industries Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 2.6 million rupees, compared with a loss of 2.5 million 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 21.2% from negative 73.7% in the year-earlier period.
Total revenue climbed on an annual basis to 12.4 million rupees from 3.4 million rupees, and total operating expenses increased 10.6% year over year to 7.4 million rupees from 6.7 million rupees.
Reported net income came to 4.2 million rupees, or 46 paise per share, compared to a loss of 4.1 million rupees in the prior-year period.
As of Nov. 9, US$1 was equivalent to 66.41 Indian rupees.