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Khator Fibre & Fabrics fiscal Q3 profit falls YOY

Khator Fibre & Fabrics Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 685,000 rupees, a fall of 54.8% from 1.5 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 0.5% from 1.5% in the year-earlier period.

Total revenue climbed 39.1% on an annual basis to 144.8 million rupees from 104.0 million rupees, and total operating expenses increased 42.9% from the prior-year period to 139.4 million rupees from 97.5 million rupees.

Reported net income totaled 1.1 million rupees, compared with 2.4 million rupees in the year-earlier period.

As of Feb. 9, US$1 was equivalent to 62.14 Indian rupees.