Asahi India Glass Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 32 Indian paise per share, compared with a loss of 6 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 76.7 million rupees, compared with a loss of 10.0 million rupees in the prior-year period.
The normalized profit margin increased to 1.5% from negative 0.2% in the year-earlier period.
Total revenue decreased 8.3% year over year to 4.95 billion rupees from 5.40 billion rupees, and total operating expenses fell 12.8% on an annual basis to 4.42 billion rupees from 5.07 billion rupees.
Reported net income came to 93.8 million rupees, or 39 paise per share, compared to a loss of 14.7 million rupees, or a loss of 9 paise per share, in the year-earlier period.
As of Feb. 19, US$1 was equivalent to 62.12 Indian rupees.
