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Suditi Industries fiscal Q3 profit falls YOY

Suditi Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 836,880 rupees, a fall of 48.3% from 1.6 million rupees in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to 0.7% from 1.1% in the year-earlier period.

Total revenue fell 20.7% on an annual basis to 115.7 million rupees from 146.0 million rupees, and total operating expenses declined 20.9% year over year to 109.4 million rupees from 138.3 million rupees.

Reported net income decreased 48.3% on an annual basis to 1.1 million rupees, or 7 paise per share, from 2.1 million rupees.

As of Feb. 11, US$1 was equivalent to 62.51 Indian rupees.