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Vyapar Industries fiscal Q3 loss narrows YOY

Vyapar Industries Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to a loss of 2 Indian paise per share, compared with a loss of 5 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 260,630 rupees, compared with a loss of 526,250 rupees in the year-earlier period.

Reported net income totaled a loss of 430,000 rupees, or a loss of 4 paise per share, compared to a loss of 86,000 rupees, or a loss of 1 paise per share, in the prior-year period.

As of Jan. 30, US$1 was equivalent to 62.01 Indian rupees.