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Runeecha Textiles fiscal Q3 loss widens YOY

Runeecha Textiles Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to a loss of 78 Indian paise per share, compared with a loss of 77 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 a loss of 17.5 million rupees, compared with a loss of 17.4 million rupees in the year-earlier period.

Reported net income totaled a loss of 28.0 million rupees, or a loss of 1.25 rupees per share, compared to a loss of 27.9 million rupees, or a loss of 1.23 rupees per share, in the prior-year period.

As of April 28, US$1 was equivalent to 66.48 Indian rupees.