Cantabil Retail India Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 46 Indian paise per share, compared with a loss of 40 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 7.5 million rupees, compared with a loss of 6.6 million rupees in the prior-year period.
The normalized profit margin rose to 1.9% from negative 2.1% in the year-earlier period.
Total revenue rose 28.2% on an annual basis to 397.3 million rupees from 309.8 million rupees, and total operating expenses rose 20.8% year over year to 372.5 million rupees from 308.2 million rupees.
Reported net income totaled 14.1 million rupees, or 86 paise per share, compared to a loss of 10.9 million rupees, or a loss of 67 paise per share, in the prior-year period.
As of Feb. 12, US$1 was equivalent to 62.20 Indian rupees.
