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Naturite Agro Products fiscal Q3 profit falls YOY

Naturite Agro Products Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 789,380 rupees, a fall of 9.4% from 871,530 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 fell to 9.7% from 10.3% in the year-earlier period.

Total revenue fell on an annual basis to 8.1 million rupees from 8.4 million rupees, and total operating expenses decreased year over year to 6.9 million rupees from 7.0 million rupees.

Reported net income fell 9.4% from the prior-year period to 1.3 million rupees, or 24 paise per share, from 1.4 million rupees.

As of Feb. 12, US$1 was equivalent to 62.20 Indian rupees.