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Sanrhea Technical Textiles swings to profit in fiscal Q1

6675556 said its normalized net income for the fiscal first quarter ended June 30 amounted to 6 Indian paise per share, compared with a loss of 23 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 168,750 rupees, compared with a loss of 668,130 rupees in the year-earlier period.

The normalized profit margin climbed to 0.3% from negative 0.9% in the year-earlier period.

Total revenue fell 8.3% on an annual basis to 66.4 million rupees from 72.4 million rupees, and total operating expenses declined 10.9% on an annual basis to 63.0 million rupees from 70.7 million rupees.

eported net income totaled 270,000 rupees, or 9 paise pe Sanrhea Technical Textiles Ltd..