Sir Shadi Lal Enterprises Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 17.92 Indian rupees per share, compared with a loss of 6.59 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 94.1 million rupees, compared with a loss of 34.6 million rupees in the prior-year period.
The normalized profit margin climbed to 14.4% from negative 2.9% in the year-earlier period.
Total revenue fell 44.9% on an annual basis to 653.5 million rupees from 1.19 billion rupees, and total operating expenses declined 62.4% on an annual basis to 443.6 million rupees from 1.18 billion rupees.
Reported net income totaled 150.6 million rupees, or 28.68 rupees per share, compared to a loss of 55.4 million rupees, or a loss of 10.55 rupees per share, in the prior-year period.
As of Oct. 30, US$1 was equivalent to 65.41 Indian rupees.