Sanrhea Technical Textiles Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 11 Indian paise per share, compared with a loss of 1.02 rupees per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 321,250 rupees, compared with a loss of 3.1 million rupees in the prior-year period.
The normalized profit margin increased to 0.3% from negative 4.5% in the year-earlier period.
Total revenue climbed 36.9% on an annual basis to 92.2 million rupees from 67.4 million rupees, and total operating expenses increased 28.0% from the prior-year period to 88.8 million rupees from 69.4 million rupees.
Reported net income totaled 419,000 rupees, or 14 paise per share, compared to a loss of 4.9 million rupees, or a loss of 1.63 rupees per share, in the year-earlier period.
As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.
