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Ganesha Ecosphere profit misses consensus by 64.7% in fiscal Q3

Ganesha Ecosphere Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 1.69 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 4.79 rupees per share.

EPS fell 39.1% year over year from 2.78 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 38.8 million rupees, a decline of 7.9% from 42.2 million rupees in the prior-year period.

The normalized profit margin dropped to 2.7% from 3.1% in the year-earlier period.

Total revenue increased 7.1% on an annual basis to 1.46 billion rupees from 1.36 billion rupees, and total operating expenses grew 8.2% on an annual basis to 1.35 billion rupees from 1.25 billion rupees.

Reported net income decreased 27.9% from the prior-year period to 46.2 million rupees, or 2.01 rupees per share, from 64.0 million rupees, or 4.21 rupees per share.

As of Feb. 2, US$1 was equivalent to 61.72 Indian rupees.