Binayak Tex Processors Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 9.81 Indian rupees per share, a decrease of 44.1% from 17.56 rupees per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 7.0 million rupees, a decrease of 44.2% from 12.5 million rupees in the year-earlier period.
The normalized profit margin declined to 1.5% from 2.9% in the year-earlier period.
Total revenue grew 5.4% on an annual basis to 452.4 million rupees from 429.4 million rupees, and total operating expenses rose 6.3% on an annual basis to 429.3 million rupees from 403.7 million rupees.
Reported net income declined 34.9% year over year to 9.0 million rupees, or 12.60 rupees per share, from 13.8 million rupees, or 19.34 rupees per share.
As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.
