Suryalakshmi Cotton Mills Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 2.59 Indian rupees per share, compared with a loss of 44 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 43.2 million rupees, compared with a loss of 6.4 million rupees in the year-earlier period.
The normalized profit margin climbed to 2.4% from negative 0.4% in the year-earlier period.
Total revenue increased 16.7% on an annual basis to 1.77 billion rupees from 1.51 billion rupees, and total operating expenses increased 12.9% year over year to 1.62 billion rupees from 1.43 billion rupees.
Reported net income increased from the prior-year period to 49.1 million rupees, or 2.95 rupees per share, from 15.9 million rupees, or 1.09 rupees per share.
As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.
