Chordia Food Products Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 1.44 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 1.36 rupees per share.
In the prior-year period, the per-share result was a profit of 1.43 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 4.3 million rupees, compared with 4.3 million rupees in the prior-year period.
The normalized profit margin dropped to 4.9% from 5.2% in the year-earlier period.
Total revenue grew 8.1% year over year to 88.2 million rupees from 81.7 million rupees, and total operating expenses increased 8.6% on an annual basis to 79.3 million rupees from 73.0 million rupees.
Reported net income decreased 6.3% on an annual basis to 4.5 million rupees, or 1.51 rupees per share, from 4.8 million rupees, or 1.62 rupees per share.
As of Nov. 17, US$1 was equivalent to 61.80 Indian rupees.
