Naturite Agro Products Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30, 2014, was 266,880 rupees, compared with a loss of 344,210 rupees in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin climbed to 3.1% from negative 5.7% in the year-earlier period.
Total revenue rose 43.1% on an annual basis to 8.7 million rupees from 6.1 million rupees, and total operating expenses increased 24.9% year over year to 8.3 million rupees from 6.6 million rupees.
Reported net income totaled 427,000 rupees, or 8 paise per share, compared to a loss of 550,740 rupees in the year-earlier period.
As of Feb. 5, US$1 was equivalent to 61.74 Indian rupees.
