Kothari Fermentation and Biochem Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 51 Indian paise per share, compared with a loss of 13 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 7.6 million rupees, compared with a loss of 2.0 million rupees in the prior-year period.
The normalized profit margin rose to 4.2% from negative 1.5% in the year-earlier period.
Total revenue rose 37.3% year over year to 183.3 million rupees from 133.5 million rupees, and total operating expenses climbed 25.4% year over year to 167.5 million rupees from 133.5 million rupees.
Reported net income came to 8.0 million rupees, or 54 paise per share, compared to a loss of 2.2 million rupees, or a loss of 15 paise per share, in the year-earlier period.
As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.
