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Tatia Global Vennture fiscal Q2 loss narrows YOY

Tatia Global Vennture Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 was a loss of 910,000 rupees, compared with a loss of 1.3 million rupees in the year-earlier period.

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

Reported net income totaled a loss of 1.2 million rupees, or a loss of 1 paise per share, compared to a loss of 1.6 million rupees, or a loss of 1 paise per share, in the year-earlier period.

As of Oct. 30, US$1 was equivalent to 65.41 Indian rupees.