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EDynamics Solutions fiscal Q3 profit falls YOY

eDynamics Solutions Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 62,500 rupees, a decrease of 32.4% from 92,470 rupees in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 0.8% from 0.4% in the year-earlier period.

Total revenue decreased 63.6% on an annual basis to 7.6 million rupees from 20.9 million rupees, and total operating expenses decreased 63.3% from the prior-year period to 7.6 million rupees from 20.7 million rupees.

Reported net income totaled 100,000 rupees, compared with 125,050 rupees, or 1 paise per share, in the prior-year period.

As of Jan. 15, US$1 was equivalent to 67.78 Indian rupees.