Hawkins Cookers Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 5.40 Indian rupees per share, a decrease of 53.1% from 11.54 rupees per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 28.6 million rupees, a decrease of 53.2% from 61.0 million rupees in the prior-year period.
The normalized profit margin dropped to 2.6% from 5.6% in the year-earlier period.
Total revenue came to 1.11 billion rupees, compared with 1.10 billion rupees in the year-earlier period, and total operating expenses rose 5.7% year over year to 1.06 billion rupees from 1.00 billion rupees.
Reported net income declined 52.9% year over year to 30.7 million rupees, or 5.81 rupees per share, from 65.2 million rupees, or 12.33 rupees per share.
As of Feb. 4, US$1 was equivalent to 61.82 Indian rupees.
