Chordia Food Products Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 39 Indian paise per share, a decrease of 72.9% from 1.44 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 1.2 million rupees, a decrease of 73.1% from 4.3 million rupees in the year-earlier period.
The normalized profit margin dropped to 1.3% from 4.9% in the year-earlier period.
Total revenue totaled 88.7 million rupees, compared with 88.2 million rupees in the prior-year period, and total operating expenses grew 7.0% year over year to 84.8 million rupees from 79.3 million rupees.
Reported net income decreased 72.4% from the prior-year period to 1.2 million rupees, or 42 paise per share, from 4.5 million rupees, or 1.51 rupees per share.
As of Nov. 6, US$1 was equivalent to 66.11 Indian rupees.