Jay Ushin Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 90 Indian paise per share, a decrease of 46.4% from 1.68 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 3.5 million rupees, a decrease of 46.4% from 6.5 million rupees in the prior-year period.
The normalized profit margin fell to 0.2% from 0.4% in the year-earlier period.
Total revenue rose 9.5% year over year to 1.61 billion rupees from 1.47 billion rupees, and total operating expenses rose 9.6% from the prior-year period to 1.61 billion rupees from 1.47 billion rupees.
Reported net income decreased 97.5% year over year to 386,240 rupees, or 10 paise per share, from 15.3 million rupees, or 3.96 rupees per share.
As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.
