Everlon Synthetics Ltd said its normalized net income for the fiscal second quarter ended Sept. 30, 2014, came to 1 Indian paise per share, a decrease of 92.5% from 19 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 47,500 rupees, a decline of 92.3% from 616,250 rupees in the year-earlier period.
The normalized profit margin dropped to 0.0% from 0.4% in the year-earlier period.
Total revenue fell 31.1% on an annual basis to 105.9 million rupees from 153.6 million rupees, and total operating expenses decreased 31.2% year over year to 103.9 million rupees from 150.9 million rupees.
Reported net income came to a loss of 84,000 rupees, or a loss of 2 paise per share, compared to income of 986,000 rupees, or 30 paise per share, in the prior-year period.
As of Jan. 22, US$1 was equivalent to 61.40 Indian rupees.
