Reliance Chemotex Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 1.08 Indian rupees per share, a decline of 39.3% from 1.79 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 8.9 million rupees, a decline of 20.3% from 11.1 million rupees in the year-earlier period.
The normalized profit margin fell to 1.6% from 1.7% in the year-earlier period.
Total revenue decreased 15.4% on an annual basis to 556.6 million rupees from 657.8 million rupees, and total operating expenses declined 11.8% on an annual basis to 540.5 million rupees from 612.8 million rupees.
Reported net income declined 17.5% from the prior-year period to 11.7 million rupees, or 1.43 rupees per share, from 14.2 million rupees, or 2.28 rupees per share.
As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.
