Pasupati Acrylon Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 17 Indian paise per share, a decrease of 41.4% from 28 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 14.5 million rupees, a decrease of 42.3% from 25.1 million rupees in the year-earlier period.
The normalized profit margin fell to 1.1% from 2.0% in the year-earlier period.
Total revenue climbed 7.9% year over year to 1.37 billion rupees from 1.27 billion rupees, and total operating expenses increased 11.6% year over year to 1.35 billion rupees from 1.21 billion rupees.
Reported net income fell 60.6% year over year to 15.8 million rupees, or 18 paise per share, from 40.1 million rupees, or 45 paise per share.
As of Feb. 6, US$1 was equivalent to 61.94 Indian rupees.
