Sunil Agro Foods Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30, 2014, amounted to 57 Indian paise per share, a decrease of 27.2% from 78 paise per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.7 million rupees, a decline of 27.4% from 2.3 million rupees in the year-earlier period.
The normalized profit margin declined to 0.6% from 0.7% in the year-earlier period.
Total revenue fell 20.9% on an annual basis to 272.8 million rupees from 344.7 million rupees, and total operating expenses declined 20.7% year over year to 267.7 million rupees from 337.7 million rupees.
Reported net income decreased 25.8% on an annual basis to 1.9 million rupees, or 64 paise per share, from 2.6 million rupees, or 86 paise per share.
As of Jan. 5, US$1 was equivalent to 63.33 Indian rupees.
