Sunil Agro Foods Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 62 Indian paise per share, a decline of 28.7% from 87 paise per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.9 million rupees, a decrease of 28.5% from 2.6 million rupees in the prior-year period.
The normalized profit margin rose to 0.8% from 0.7% in the year-earlier period.
Total revenue declined 35.6% year over year to 248.1 million rupees from 385.2 million rupees, and total operating expenses decreased 35.2% from the prior-year period to 245.1 million rupees from 378.2 million rupees.
Reported net income declined 29.5% year over year to 2.1 million rupees, or 69 paise per share, from 3.0 million rupees, or 98 paise per share.
As of Jan. 30, US$1 was equivalent to 62.01 Indian rupees.
