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Alfavision Overseas (India) fiscal Q3 profit falls YOY

Alfavision Overseas (India) Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 5 Indian paise per share, a decline of 15.9% from 6 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 148,750 rupees, a decline of 20.9% from 188,130 rupees in the year-earlier period.

The normalized profit margin declined to 0.1% from 0.2% in the year-earlier period.

Total revenue rose 7.9% year over year to 117.7 million rupees from 109.1 million rupees, and total operating expenses increased 8.0% from the prior-year period to 117.5 million rupees from 108.8 million rupees.

Reported net income decreased 20.9% year over year to 238,000 rupees, or 8 paise per share, from 301,000 rupees, or 10 paise per share.

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