Aditya Spinners Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 12 Indian paise per share, a decrease of 20.8% from 15 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 2.0 million rupees, a decrease of 21.1% from 2.5 million rupees in the prior-year period.
The normalized profit margin dropped to 1.8% from 2.4% in the year-earlier period.
Total revenue grew 6.5% year over year to 113.9 million rupees from 106.9 million rupees, and total operating expenses grew 6.9% on an annual basis to 109.3 million rupees from 102.2 million rupees.
Reported net income declined 21.1% year over year to 3.2 million rupees, or 19 paise per share, from 4.1 million rupees, or 24 paise per share.
As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.
