Tatia Global Vennture Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 4 Indian paise per share, compared with a loss of 11 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 6.3 million rupees, compared with a loss of 15.9 million rupees in the prior-year period.
The normalized profit margin rose to 56.4% from negative 99.8% in the year-earlier period.
Total revenue declined 30.1% year over year to 11.1 million rupees from 15.9 million rupees, and total operating expenses decreased 97.4% year over year to 1.1 million rupees from 41.3 million rupees.
Reported net income totaled 9.3 million rupees, or 6 paise per share, compared to a loss of 25.4 million rupees, or a loss of 17 paise per share, in the year-earlier period.
As of Jan. 29, US$1 was equivalent to 61.78 Indian rupees.
