Triveni Enterprises Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to 280,000 rupees, a decrease of 29.6% from 397,500 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 fell to 0.6% from 0.6% in the year-earlier period.

Total revenue fell 23.2% on an annual basis to 49.6 million rupees from 64.6 million rupees, and total operating expenses declined 23.0% on an annual basis to 49.4 million rupees from 64.1 million rupees.

Reported net income totaled 306,000 rupees, or 1 paise per share, compared to 439,000 rupees, or 1 paise per share, in the prior-year period.

As of Nov. 9, US$1 was equivalent to 66.41 Indian rupees.