PBM Polytex Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 4.90 Indian rupees per share, a decline of 40.5% from 8.24 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 39.8 million rupees, a decline of 40.5% from 66.9 million rupees in the prior-year period.
The normalized profit margin dropped to 7.1% from 11.3% in the year-earlier period.
Total revenue fell 5.6% on an annual basis to 558.3 million rupees from 591.2 million rupees, and total operating expenses increased from the prior-year period to 492.0 million rupees from 481.4 million rupees.
Reported net income fell 44.8% on an annual basis to 41.2 million rupees, or 5.07 rupees per share, from 74.7 million rupees, or 9.19 rupees per share.
As of Feb. 9, US$1 was equivalent to 62.14 Indian rupees.
