Raghuvir Synthetics Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 60 Indian paise per share, a decrease of 21.4% from 76 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 2.4 million rupees, a decrease of 20.3% from 3.0 million rupees in the prior-year period.
The normalized profit margin dropped to 1.7% from 2.4% in the year-earlier period.
Total revenue grew 11.2% year over year to 137.6 million rupees from 123.7 million rupees, and total operating expenses grew 13.2% on an annual basis to 134.5 million rupees from 118.8 million rupees.
Reported net income fell 90.2% from the prior-year period to 826,000 rupees, or 21 paise per share, from 8.4 million rupees, or 2.17 rupees per share.
As of Feb. 10, US$1 was equivalent to 62.38 Indian rupees.
