NHC Foods Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 26 Indian paise per share, a decrease of 51.3% from 54 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 3.0 million rupees, an increase from 3.0 million rupees in the prior-year period.
The normalized profit margin fell to 0.8% from 0.9% in the year-earlier period.
Total revenue grew 6.8% year over year to 372.9 million rupees from 349.1 million rupees, and total operating expenses rose 6.1% year over year to 364.6 million rupees from 343.5 million rupees.
Reported net income rose 20.6% on an annual basis to 3.3 million rupees, or 29 paise per share, from 2.7 million rupees, or 50 paise per share.
As of Feb. 4, US$1 was equivalent to 61.82 Indian rupees.
