Grandma Trading and Agencies Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 1.2 million rupees, a gain from 170,630 rupees in the year-earlier period.

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

Reported net income increased year over year to 1.9 million rupees, or 2 paise per share, from 273,000 rupees, or 0 paise per share.

As of Nov. 10, US$1 was equivalent to 66.24 Indian rupees.