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Ventura Textiles fiscal Q2 loss narrows YOY

Ventura Textiles Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to a loss of 9 Indian paise per share, compared with a loss of 52 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 1.5 million rupees, compared with a loss of 8.5 million rupees in the year-earlier period.

Reported net income totaled a loss of 2.4 million rupees, or a loss of 15 paise per share, compared to a loss of 13.6 million rupees, or a loss of 83 paise per share, in the year-earlier period.

As of Nov. 13, US$1 was equivalent to 66.19 Indian rupees.