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Dharani Finance fiscal Q2 loss narrows YOY

4981224 said its normalized net income for the fiscal second quarter ended Sept. 30 came to a loss of 16 Indian paise per share, compared with a loss of 29 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 784,380 rupees, compared with a loss of 1.4 million rupees in the year-earlier period.

The normalized profit margin increased to negative 12.9% from negative 22.7% in the year-earlier period.

Total revenue declined year over year to 6.1 million rupees from 6.3 million rupees, and total operating expenses declined 8.4% year over year to 7.9 million rupees from 8.7 million rupees.

eported net income totaled a loss of 1.3 million rupees, or Dharani Finance Ltd