Dhanlaxmi Fabrics Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 26 Indian paise per share, a decline of 57.6% from 62 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 2.2 million rupees, a decrease of 58.3% from 5.3 million rupees in the year-earlier period.
The normalized profit margin fell to 1.0% from 2.6% in the year-earlier period.
Total revenue increased 9.9% year over year to 222.4 million rupees from 202.3 million rupees, and total operating expenses grew 12.8% from the prior-year period to 213.4 million rupees from 189.2 million rupees.
Reported net income declined 58.3% year over year to 3.6 million rupees, or 42 paise per share, from 8.5 million rupees, or 99 paise per share.
As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.
