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Shree Rajasthan Syntex swings to loss in fiscal Q3

4913388 said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to a loss of 1.15 Indian rupees per share, compared with 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 a loss of 14.3 million rupees, compared with income of 687,500 rupees in the year-earlier period.

The normalized profit margin declined to negative 1.9% from 0.1% in the year-earlier period.

Total revenue totaled 756.2 million rupees, compared with 760.4 million rupees in the year-earlier period, and total operating expenses grew on an annual basis to 742.9 million rupees from 726.3 million rupees.

Reported net income came to a loss of 12.3 million rupees, or a loss of 99 paise per share, compared to income of 700,000 rupees, or 6 paise per share, in the year-earlier period.

s of Feb. 12, US$1 was equivalent to 62.20 Indian rupees.Shree Rajasthan Syntex Ltd.

4913388 said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to a loss of 1.15 Indian rupees per share, compared with 6 paise per share in the prior-year period.