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Winsome Textile Industries posts fiscal Q3 profit

Winsome Textile Industries Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 28.0 million rupees.

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

The normalized profit margin was 2.0%.

Total revenue totaled 1.37 billion rupees, and total operating expenses came to 1.21 billion rupees.

Reported net income totaled 44.8 million rupees, or 2.26 rupees per share.

As of Feb. 23, US$1 was equivalent to 62.16 Indian rupees.