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Deco-Mica fiscal Q3 profit falls YOY

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Deco-Mica fiscal Q3 profit falls YOY

Deco-Mica Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 86 Indian paise per share, a decrease from 88 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.6 million rupees, a decrease from 3.7 million rupees in the prior-year period.

The normalized profit margin dropped to 2.9% from 3.4% in the year-earlier period.

Total revenue increased 12.3% year over year to 123.8 million rupees from 110.2 million rupees, and total operating expenses rose 13.4% on an annual basis to 115.1 million rupees from 101.4 million rupees.

Reported net income rose 55.3% from the prior-year period to 5.0 million rupees, or 1.20 rupees per share, from 3.2 million rupees, or 77 paise per share.

As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.