Cox & Kings Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 was 12.58 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 17.00 rupees per share.
EPS decreased 13.5% year over year from 14.53 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.72 billion rupees, a decrease of 13.4% from 1.98 billion rupees in the prior-year period.
The normalized profit margin dropped to 19.8% from 24.2% in the year-earlier period.
Total revenue climbed 5.9% year over year to 8.67 billion rupees from 8.19 billion rupees, and total operating expenses rose 14.6% from the prior-year period to 5.05 billion rupees from 4.41 billion rupees.
Reported net income came to a loss of 942.3 million rupees, or a loss of 6.90 rupees per share, compared to income of 2.64 billion rupees, or 19.32 rupees per share, in the year-earlier period.
As of Nov. 20, US$1 was equivalent to 61.95 Indian rupees.
