Orosil Smiths India Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 51,880 rupees, compared with a loss of 1.0 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 increased to 0.4% from negative 10.5% in the year-earlier period.

Total revenue grew 31.0% on an annual basis to 12.5 million rupees from 9.5 million rupees, and total operating expenses increased 11.9% from the prior-year period to 12.7 million rupees from 11.3 million rupees.

Reported net income came to 83,000 rupees, or 0 paise per share, compared to a loss of 1.6 million rupees, or a loss of 4 paise per share, in the prior-year period.

As of Oct. 28, US$1 was equivalent to 64.92 Indian rupees.