Jullundur Motor Agency (Delhi) Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 5.18 Indian rupees per share, a decline of 8.6% from 5.67 rupees per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 30.9 million rupees, a decrease of 8.5% from 33.8 million rupees in the year-earlier period.
The normalized profit margin fell to 3.2% from 3.6% in the year-earlier period.
Total revenue climbed year over year to 957.6 million rupees from 945.5 million rupees, and total operating expenses grew from the prior-year period to 914.4 million rupees from 897.3 million rupees.
Reported net income decreased 13.2% from the prior-year period to 32.8 million rupees, or 5.49 rupees per share, from 37.8 million rupees, or 6.33 rupees per share.
As of Jan. 23, US$1 was equivalent to 61.41 Indian rupees.
