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Anjani Foods fiscal Q3 loss widens YOY

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Anjani Foods fiscal Q3 loss widens YOY

Anjani Foods Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to a loss of 22 Indian paise per share, compared with a loss of 3 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 883,880 rupees, compared with a loss of 100,750 rupees in the prior-year period.

The normalized profit margin dropped to negative 2.5% from negative 0.3% in the year-earlier period.

Total revenue rose on an annual basis to 35.2 million rupees from 34.0 million rupees, and total operating expenses climbed 7.4% year over year to 36.9 million rupees from 34.3 million rupees.

Reported net income came to a loss of 1.7 million rupees, or a loss of 42 paise per share, compared to a loss of 224,000 rupees, or a loss of 6 paise per share, in the prior-year period.

As of Feb. 12, US$1 was equivalent to 68.19 Indian rupees.