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Transchem fiscal Q3 loss widens YOY

Transchem Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to a loss of 374,380 rupees, compared with a loss of 66,250 rupees in the prior-year period.

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

Reported net income came to a loss of 599,000 rupees, or a loss of 5 paise per share, compared to a loss of 106,000 rupees, or a loss of 1 paise per share, in the year-earlier period.

As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.