Speciality Restaurants Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 52 Indian paise per share, compared with the S&P Capital IQ consensus estimate of 1.40 rupees per share.
EPS declined 56.1% year over year from 1.19 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 24.8 million rupees, a decline of 55.6% from 55.8 million rupees in the year-earlier period.
The normalized profit margin fell to 3.1% from 8.3% in the year-earlier period.
Total revenue increased 17.8% on an annual basis to 791.1 million rupees from 671.8 million rupees, and total operating expenses increased 26.4% on an annual basis to 771.0 million rupees from 609.8 million rupees.
Reported net income decreased 51.9% on an annual basis to 32.2 million rupees, or 68 paise per share, from 66.9 million rupees, or 1.43 rupees per share.
As of Feb. 10, US$1 was equivalent to 62.38 Indian rupees.
