Siyaram Silk Mills Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 2.90 Indian rupees per share, a gain from 2.85 rupees per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 136.1 million rupees, a gain from 133.8 million rupees in the year-earlier period.
The normalized profit margin fell to 4.1% from 4.4% in the year-earlier period.
Total revenue grew 6.7% year over year to 3.28 billion rupees from 3.08 billion rupees, and total operating expenses rose 7.0% on an annual basis to 3.03 billion rupees from 2.83 billion rupees.
Reported net income decreased 7.8% on an annual basis to 130.4 million rupees, or 2.78 rupees per share, from 141.4 million rupees, or 3.02 rupees per share.
As of Jan. 21, US$1 was equivalent to 61.50 Indian rupees.
