Super Sales India Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 3.56 Indian rupees per share, a decrease of 47.1% from 6.73 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 10.9 million rupees, a decline of 47.1% from 20.7 million rupees in the year-earlier period.
The normalized profit margin dropped to 2.1% from 3.9% in the year-earlier period.
Total revenue declined year over year to 513.2 million rupees from 527.5 million rupees, and total operating expenses rose year over year to 488.9 million rupees from 482.7 million rupees.
Reported net income declined 80.6% from the prior-year period to 12.1 million rupees, or 3.95 rupees per share, from 62.6 million rupees, or 20.38 rupees per share.
As of Feb. 2, US$1 was equivalent to 61.72 Indian rupees.
