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KDDL Ltd. fiscal Q3 profit falls YOY

KDDL Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to 1.67 Indian rupees per share, a decline of 54.0% from 3.64 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 16.9 million rupees, a decrease of 46.9% from 31.9 million rupees in the year-earlier period.

The normalized profit margin fell to 1.3% from 2.7% in the year-earlier period.

Total revenue rose 9.3% year over year to 1.30 billion rupees from 1.19 billion rupees, and total operating expenses rose 13.2% year over year to 1.24 billion rupees from 1.09 billion rupees.

Reported net income fell 47.1% from the prior-year period to 17.6 million rupees, or 1.74 rupees per share, from 33.3 million rupees, or 3.80 rupees per share.

As of Feb. 5, US$1 was equivalent to 67.80 Indian rupees.