REIL Electricals India Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 came to 49 Indian paise per share, compared with a loss of 67 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 1.9 million rupees, compared with a loss of 2.5 million rupees in the prior-year period.

The normalized profit margin rose to 4.4% from negative 8.2% in the year-earlier period.

Total revenue rose 36.2% on an annual basis to 42.1 million rupees from 30.9 million rupees, and total operating expenses increased 12.9% on an annual basis to 38.1 million rupees from 33.8 million rupees.

Reported net income came to 3.0 million rupees, or 79 paise per share, compared to a loss of 4.0 million rupees, or a loss of 1.07 rupees per share, in the prior-year period.

As of Nov. 6, US$1 was equivalent to 66.11 Indian rupees.