Safal Herbs Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 33,750 rupees, a fall of 31.7% from 49,380 rupees in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin dropped to 0.7% from 1.4% in the year-earlier period.
Total revenue climbed 36.1% year over year to 4.9 million rupees from 3.6 million rupees, and total operating expenses increased 37.6% from the prior-year period to 4.9 million rupees from 3.5 million rupees.
Reported net income declined 33.9% year over year to 39,000 rupees, or 0 paise per share, from 59,000 rupees, or 0 paise per share.
As of Nov. 14, US$1 was equivalent to 61.73 Indian rupees.
