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Padmanabh Industries fiscal Q2 loss widens YOY

Padmanabh Industries Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 16,880 rupees, compared with a loss of 16,250 rupees in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Reported net income came to a loss of 27,000 rupees, compared with a loss of 26,000 rupees, or a loss of 1 paise per share, in the prior-year period.

As of Oct. 16, US$1 was equivalent to 61.79 Indian rupees.