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Flex Foods profit misses consensus by 59.9% in fiscal Q3

4916749 said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 96 Indian paise per share, compared with the S&P Capital IQ consensus estimate of 2.39 rupees per share.

EPS decreased 31.5% year over year from 1.40 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 12.0 million rupees, a decrease of 30.9% from 17.4 million rupees in the prior-year period.

The normalized profit margin dropped to 6.9% from 11.5% in the year-earlier period.

Total revenue grew 14.6% year over year to 173.7 million rupees from 151.6 million rupees, and total operating expenses grew 21.9% from the prior-year period to 153.9 million rupees from 126.3 million rupees.

eported net income declined 46.8% year over year to 10 Flex Foods Ltd