Sri Lakshmi Saraswathi Textiles (Arni) Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was a loss of 1.66 Indian rupees per share, compared with 61 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 a loss of 5.5 million rupees, compared with income of 2.0 million rupees in the year-earlier period.
The normalized profit margin fell to negative 1.9% from 0.7% in the year-earlier period.
Total revenue decreased on an annual basis to 287.0 million rupees from 295.7 million rupees, and total operating expenses increased year over year to 293.1 million rupees from 289.7 million rupees.
Reported net income totaled a loss of 8.8 million rupees, or a loss of 2.65 rupees per share, compared to income of 3.2 million rupees, or 97 paise per share, in the year-earlier period.
As of Feb. 11, US$1 was equivalent to 62.51 Indian rupees.
