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Omnitex Industries (India) fiscal Q3 profit falls YOY

Omnitex Industries (India) Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 1 Indian paise per share, a decrease of 83.5% from 6 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 53,750 rupees, a decrease of 80.6% from 276,880 rupees in the prior-year period.

Reported net income came to a loss of 103,000 rupees, or a loss of 2 paise per share, compared to income of 306,000 rupees, or 7 paise per share, in the prior-year period.

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