Aptech Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 55 Indian paise per share, a decrease of 43.4% from 97 paise per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 21.8 million rupees, a decrease of 51.1% from 44.5 million rupees in the year-earlier period.
The normalized profit margin dropped to 6.1% from 12.0% in the year-earlier period.
Total revenue declined year over year to 356.4 million rupees from 372.2 million rupees, and total operating expenses rose year over year to 338.4 million rupees from 331.1 million rupees.
Reported net income declined 51.1% from the prior-year period to 27.0 million rupees, or 68 paise per share, from 55.2 million rupees, or 1.20 rupees per share.
As of Feb. 9, US$1 was equivalent to 62.14 Indian rupees.
