Zodiac JRD MKJ Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 15 Indian paise per share, a decline of 35.1% from 23 paise per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 761,880 rupees, a decline of 36.5% from 1.2 million rupees in the prior-year period.
The normalized profit margin fell to 2.6% from 12.5% in the year-earlier period.
Total revenue rose year over year to 29.1 million rupees from 9.6 million rupees, and total operating expenses increased year over year to 28.1 million rupees from 9.5 million rupees.
Reported net income fell 36.5% year over year to 1.2 million rupees, or 24 paise per share, from 1.9 million rupees, or 37 paise per share.
As of Jan. 29, US$1 was equivalent to 61.78 Indian rupees.
