Speciality Restaurants Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 31 Indian paise per share, compared with the S&P Capital IQ consensus estimate of 95 paise per share.
EPS declined 63.6% year over year from 85 paise.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 14.5 million rupees, a decline of 63.9% from 40.2 million rupees in the year-earlier period.
The normalized profit margin dropped to 2.1% from 7.1% in the year-earlier period.
Total revenue increased 20.5% year over year to 682.9 million rupees from 566.5 million rupees, and total operating expenses rose 28.3% year over year to 677.7 million rupees from 528.3 million rupees.
Reported net income decreased 59.8% year over year to 19.1 million rupees, or 41 paise per share, from 47.5 million rupees, or 1.01 rupees per share.
As of Aug. 11, US$1 was equivalent to 61.19 Indian rupees.
