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.
