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Safal Herbs fiscal Q3 profit falls YOY

Safal Herbs Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 11,880 rupees, a fall of 80.8% from 61,880 rupees in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to 0.6% from 1.7% in the year-earlier period.

Total revenue fell 44.9% year over year to 2.1 million rupees from 3.7 million rupees, and total operating expenses declined 43.9% on an annual basis to 2.0 million rupees from 3.6 million rupees.

Reported net income declined 75.9% year over year to 19,000 rupees, or 0 paise per share, from 79,000 rupees, or 0 paise per share.

As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.