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IEC Education fiscal Q2 profit climbs YOY

IEC Education Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 came to 207,500 rupees, an increase from 70,000 rupees in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Reported net income came to 46,000 rupees, compared with a loss of 58,000 rupees in the year-earlier period.

As of Nov. 13, US$1 was equivalent to 66.19 Indian rupees.