Sportking India Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 11.79 Indian rupees per share, compared with a loss of 42.12 rupees per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 42.0 million rupees, compared with a loss of 150.0 million rupees in the year-earlier period.
The normalized profit margin climbed to 1.7% from negative 5.2% in the year-earlier period.
Total revenue declined 16.1% year over year to 2.44 billion rupees from 2.91 billion rupees, and total operating expenses fell 25.0% from the prior-year period to 2.26 billion rupees from 3.01 billion rupees.
Reported net income totaled 67.2 million rupees, or 18.87 rupees per share, compared to a loss of 160.0 million rupees, or a loss of 44.92 rupees per share, in the prior-year period.
As of Nov. 13, US$1 was equivalent to 66.19 Indian rupees.