Raj Oil Mills Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 1.0 million rupees, compared with a loss of 37.8 million rupees in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin increased to negative 0.6% from negative 24.6% in the year-earlier period.
Total revenue rose 14.3% year over year to 175.5 million rupees from 153.5 million rupees, and total operating expenses declined 15.1% on an annual basis to 175.8 million rupees from 207.1 million rupees.
Reported net income totaled a loss of 1.6 million rupees, compared with a loss of 36.9 million rupees, or a loss of 52 paise per share, in the year-earlier period.
As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.
