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Shree Tulsi Online.Com fiscal Q3 profit falls YOY

Shree Tulsi Online.Com Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 1 Indian paise per share, a decline of 60.0% from 3 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 286,250 rupees, a decline of 61.4% from 742,500 rupees in the year-earlier period.

The normalized profit margin climbed to 13.0% from 1.7% in the year-earlier period.

Total revenue declined 94.9% year over year to 2.2 million rupees from 43.3 million rupees, and total operating expenses declined 95.2% on an annual basis to 2.0 million rupees from 42.5 million rupees.

Reported net income decreased 61.4% year over year to 458,000 rupees, or 2 paise per share, from 1.2 million rupees, or 5 paise per share.

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