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Jullundur Motor Agency fiscal Q3 profit falls YOY

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.