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Hindustan Foods fiscal Q3 loss narrows YOY

Hindustan Foods Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to a loss of 49 Indian paise per share, compared with a loss of 64 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 2.5 million rupees, compared with a loss of 3.2 million rupees in the year-earlier period.

The normalized profit margin climbed to negative 5.1% from negative 16.8% in the year-earlier period.

Total revenue climbed year over year to 48.8 million rupees from 19.1 million rupees, and total operating expenses increased on an annual basis to 50.4 million rupees from 20.2 million rupees.

Reported net income totaled a loss of 4.0 million rupees, or a loss of 79 paise per share, compared to a loss of 5.1 million rupees, or a loss of 1.03 rupees per share, in the year-earlier period.

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