S R K Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 4 Indian paise per share, an increase of 10.1% from 4 paise per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.9 million rupees, a decline from 2.9 million rupees in the prior-year period.
The normalized profit margin climbed to 27.3% from 3.7% in the year-earlier period.
Total revenue declined 86.7% on an annual basis to 10.6 million rupees from 79.3 million rupees, and total operating expenses fell 92.1% year over year to 5.9 million rupees from 74.6 million rupees.
Reported net income totaled 2.9 million rupees, or 4 paise per share, compared to 3.2 million rupees, or 4 paise per share, in the prior-year period.
As of Jan. 15, US$1 was equivalent to 61.77 Indian rupees.
