Filatex India Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 23 Indian paise per share, compared with a loss of 1.74 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 7.4 million rupees, compared with a loss of 41.7 million rupees in the prior-year period.
The normalized profit margin climbed to 0.2% from negative 0.9% in the year-earlier period.
Total revenue decreased 18.9% on an annual basis to 3.83 billion rupees from 4.73 billion rupees, and total operating expenses decreased 21.9% on an annual basis to 3.71 billion rupees from 4.75 billion rupees.
Reported net income came to 7.8 million rupees, or 24 paise per share, compared to a loss of 45.1 million rupees, or a loss of 1.88 rupees per share, in the prior-year period.
As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.
