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Transchem fiscal Q3 loss widens 19.2% YOY

Transchem Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to a loss of 4 Indian paise per share, compared with a loss of 3 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 446,250 rupees, compared with a loss of 374,380 rupees in the prior-year period.

Reported net income came to a loss of 714,000 rupees, or a loss of 6 paise per share, compared to a loss of 599,000 rupees, or a loss of 5 paise per share, in the year-earlier period.

As of Feb. 12, US$1 was equivalent to 68.19 Indian rupees.