Zodiac JRD MKJ Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to 37 Indian paise per share, a decline of 52.7% from 77 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 1.9 million rupees, a decrease of 53.4% from 4.0 million rupees in the year-earlier period.
The normalized profit margin declined to 3.6% from 4.3% in the year-earlier period.
Total revenue declined 44.3% year over year to 51.5 million rupees from 92.5 million rupees, and total operating expenses declined 43.5% year over year to 48.8 million rupees from 86.4 million rupees.
Reported net income decreased 57.8% on an annual basis to 2.0 million rupees, or 39 paise per share, from 4.7 million rupees, or 91 paise per share.
As of Nov. 24, US$1 was equivalent to 61.84 Indian rupees.
