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Shukra Jewellery fiscal Q3 loss widens YOY

Shukra Jewellery Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 86,880 rupees, compared with a loss of 33,130 rupees in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to negative 0.2% from negative 0.0% in the year-earlier period.

Total revenue decreased 39.1% year over year to 48.5 million rupees from 79.6 million rupees, and total operating expenses fell 39.0% year over year to 48.6 million rupees from 79.7 million rupees.

Reported net income totaled a loss of 139,000 rupees, compared with a loss of 53,000 rupees in the prior-year period.

As of Jan. 30, US$1 was equivalent to 62.01 Indian rupees.