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Runeecha Textiles fiscal Q2 loss widens 5.9% YOY

Runeecha Textiles Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 came to a loss of 81 Indian paise per share, compared with a loss of 76 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 18.4 million rupees, compared with a loss of 17.4 million rupees in the year-earlier period.

Reported net income totaled a loss of 29.5 million rupees, or a loss of 1.29 rupees per share, compared to a loss of 27.9 million rupees, or a loss of 1.22 rupees per share, in the year-earlier period.

As of Nov. 5, US$1 was equivalent to 65.90 Indian rupees.