Spenta International Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 38 Indian paise per share, a decrease of 73.9% from 1.47 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 1.2 million rupees, a decline of 73.3% from 4.6 million rupees in the prior-year period.
The normalized profit margin declined to 1.9% from 4.8% in the year-earlier period.
Total revenue declined 31.3% on an annual basis to 65.7 million rupees from 95.6 million rupees, and total operating expenses fell 27.1% from the prior-year period to 63.6 million rupees from 87.3 million rupees.
Reported net income decreased 86.0% year over year to 510,000 rupees, or 16 paise per share, from 3.6 million rupees, or 1.17 rupees per share.
As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.
