Seasons Textiles Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 13 Indian paise per share, a decline of 8.5% from 14 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 971,250 rupees, a decline of 8.6% from 1.1 million rupees in the prior-year period.
The normalized profit margin fell to 1.0% from 1.5% in the year-earlier period.
Total revenue climbed 31.7% on an annual basis to 93.5 million rupees from 71.0 million rupees, and total operating expenses rose 38.4% year over year to 84.5 million rupees from 61.0 million rupees.
Reported net income fell 12.2% from the prior-year period to 2.2 million rupees, or 29 paise per share, from 2.5 million rupees, or 33 paise per share.
As of Feb. 6, US$1 was equivalent to 61.94 Indian rupees.
