Madhusudan Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 1 Indian paise per share, a decrease of 93.5% from 19 paise per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 76,880 rupees, a decrease of 92.6% from 1.0 million rupees in the prior-year period.
The normalized profit margin dropped to 28.4% from 570.7% in the year-earlier period.
Total revenue totaled 271,000 rupees, and total operating expenses totaled 1.3 million rupees.
Reported net income declined 92.6% from the prior-year period to 123,000 rupees, or 2 paise per share, from 1.7 million rupees, or 31 paise per share.
As of Feb. 5, US$1 was equivalent to 61.74 Indian rupees.
