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Winsome Breweries fiscal Q3 profit falls YOY

Winsome Breweries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 5 Indian paise per share, a decrease of 34.2% from 7 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 1.3 million rupees, a decline of 28.3% from 1.9 million rupees in the year-earlier period.

The normalized profit margin fell to 0.9% from 1.8% in the year-earlier period.

Total revenue rose 45.3% year over year to 152.7 million rupees from 105.1 million rupees, and total operating expenses rose 48.1% year over year to 150.2 million rupees from 101.4 million rupees.

Reported net income declined 50.4% from the prior-year period to 1.5 million rupees, or 5 paise per share, from 3.0 million rupees, or 11 paise per share.

As of Feb. 10, US$1 was equivalent to 62.38 Indian rupees.