Bombay Dyeing & Manufacturing Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to a loss of 1.99 Indian rupees per share, compared with a loss of 2.82 rupees per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 412.1 million rupees, compared with a loss of 582.2 million rupees in the prior-year period.
The normalized profit margin rose to negative 8.2% from negative 12.4% in the year-earlier period.
Total revenue rose 6.7% on an annual basis to 5.02 billion rupees from 4.71 billion rupees, and total operating expenses came to 5.14 billion rupees, compared with 5.17 billion rupees in the prior-year period.
Reported net income came to a loss of 659.3 million rupees, or a loss of 3.19 rupees per share, compared to a loss of 931.5 million rupees, or a loss of 4.51 rupees per share, in the prior-year period.
As of Feb. 4, US$1 was equivalent to 61.82 Indian rupees.
