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Supertex Industries fiscal Q3 profit falls YOY

Supertex Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 9 Indian paise per share, a decrease of 66.9% from 26 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.0 million rupees, a decrease of 66.7% from 3.0 million rupees in the year-earlier period.

The normalized profit margin fell to 0.5% from 1.3% in the year-earlier period.

Total revenue decreased year over year to 220.1 million rupees from 226.3 million rupees, and total operating expenses declined from the prior-year period to 216.2 million rupees from 220.8 million rupees.

Reported net income declined 5.9% from the prior-year period to 1.6 million rupees, or 14 paise per share, from 1.7 million rupees, or 15 paise per share.

As of Feb. 10, US$1 was equivalent to 62.38 Indian rupees.