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Krypton Industries fiscal Q3 profit falls YOY

Krypton Industries Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 5 Indian paise per share, a decrease of 53.3% from 11 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 758,130 rupees, a decline of 52.6% from 1.6 million rupees in the prior-year period.

The normalized profit margin fell to 0.8% from 1.9% in the year-earlier period.

Total revenue climbed on an annual basis to 89.9 million rupees from 85.8 million rupees, and total operating expenses climbed 5.0% from the prior-year period to 83.4 million rupees from 79.5 million rupees.

Reported net income decreased 45.3% from the prior-year period to 1.0 million rupees, or 7 paise per share, from 1.9 million rupees, or 13 paise per share.

As of Feb. 12, US$1 was equivalent to 62.20 Indian rupees.