Jay Bharat Maruti Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 3.08 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 5.40 rupees per share.
EPS fell 7.2% year over year from 3.31 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 66.6 million rupees, a decrease of 7.3% from 71.8 million rupees in the prior-year period.
The normalized profit margin declined to 2.3% from 2.5% in the year-earlier period.
Total revenue declined year over year to 2.84 billion rupees from 2.87 billion rupees, and total operating expenses totaled 2.69 billion rupees, compared with 2.71 billion rupees in the prior-year period.
Reported net income increased 44.3% on an annual basis to 109.5 million rupees, or 5.06 rupees per share, from 75.8 million rupees, or 3.50 rupees per share.
As of Jan. 14, US$1 was equivalent to 62.10 Indian rupees.
