JBF Industries Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 was 4.42 Indian rupees per share, compared with a loss of 21 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 296.5 million rupees, compared with a loss of 12.1 million rupees in the year-earlier period.
The normalized profit margin rose to 1.3% from negative 0.1% in the year-earlier period.
Total revenue totaled 22.44 billion rupees, compared with 22.43 billion rupees in the year-earlier period, and total operating expenses totaled 21.02 billion rupees, compared with 20.96 billion rupees in the year-earlier period.
Reported net income totaled 355.3 million rupees, or 5.30 rupees per share, compared to a loss of 38.9 million rupees, or a loss of 66 paise per share, in the prior-year period.
As of Nov. 14, US$1 was equivalent to 61.73 Indian rupees.
