Ashima Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to a loss of 21 Indian paise per share, compared with a loss of 53 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 3.2 million rupees, compared with a loss of 13.8 million rupees in the prior-year period.
The normalized profit margin climbed to negative 0.4% from negative 2.0% in the year-earlier period.
Total revenue increased 6.8% year over year to 745.8 million rupees from 698.1 million rupees, and total operating expenses grew on an annual basis to 739.9 million rupees from 717.3 million rupees.
Reported net income came to a loss of 5.1 million rupees, or a loss of 33 paise per share, compared to a loss of 22.1 million rupees, or a loss of 84 paise per share, in the prior-year period.
As of Feb. 6, US$1 was equivalent to 61.94 Indian rupees.
