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Hawkins Cookers fiscal Q3 profit falls YOY

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.