Thangamayil Jewellery Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 1.38 Indian rupees per share, compared with a loss of 1.48 rupees per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 18.9 million rupees, compared with a loss of 20.3 million rupees in the prior-year period.
The normalized profit margin rose to 0.6% from negative 0.5% in the year-earlier period.
Total revenue decreased 11.2% year over year to 3.36 billion rupees from 3.78 billion rupees, and total operating expenses decreased 12.6% from the prior-year period to 3.27 billion rupees from 3.75 billion rupees.
Reported net income came to 21.0 million rupees, or 1.53 rupees per share, compared to a loss of 21.7 million rupees, or a loss of 1.58 rupees per share, in the prior-year period.
As of Jan. 25, US$1 was equivalent to 67.76 Indian rupees.