Vadilal Enterprises Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 43 Indian paise per share, compared with a loss of 95 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 375,000 rupees, compared with a loss of 825,630 rupees in the year-earlier period.
The normalized profit margin rose to 0.0% from negative 0.1% in the year-earlier period.
Total revenue increased 10.3% on an annual basis to 888.0 million rupees from 805.2 million rupees, and total operating expenses grew 9.7% from the prior-year period to 886.4 million rupees from 807.8 million rupees.
Reported net income totaled 493,000 rupees, or 57 paise per share, compared to a loss of 1.0 million rupees, or a loss of 1.17 rupees per share, in the year-earlier period.
As of Nov. 17, US$1 was equivalent to 61.80 Indian rupees.
