SPL Industries Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 21 Indian paise per share, a decrease of 19.5% from 27 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 6.2 million rupees, a decrease of 20.0% from 7.8 million rupees in the year-earlier period.
The normalized profit margin fell to 4.3% from 8.6% in the year-earlier period.
Total revenue rose 59.2% on an annual basis to 143.7 million rupees from 90.3 million rupees, and total operating expenses rose 74.9% on an annual basis to 136.0 million rupees from 77.8 million rupees.
Reported net income fell 19.5% year over year to 9.9 million rupees, or 34 paise per share, from 12.2 million rupees, or 42 paise per share.
As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.
