Safari Industries (India) Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 11 Indian paise per share, compared with a loss of 14 paise per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.1 million rupees, compared with a loss of 2.1 million rupees in the year-earlier period.
The normalized profit margin increased to 0.4% from negative 0.5% in the year-earlier period.
Total revenue increased 26.0% year over year to 490.2 million rupees from 389.1 million rupees, and total operating expenses grew 23.9% on an annual basis to 479.6 million rupees from 386.9 million rupees.
Reported net income came to a loss of 2.5 million rupees, or a loss of 13 paise per share, compared to a loss of 3.3 million rupees, or a loss of 22 paise per share, in the prior-year period.
As of Jan. 30, US$1 was equivalent to 62.01 Indian rupees.
