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Natraj Proteins fiscal Q3 profit falls YOY

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Natraj Proteins fiscal Q3 profit falls YOY

Natraj Proteins Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 1.18 Indian rupees per share, a decrease of 76.1% from 4.93 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 4.4 million rupees, a decrease of 76.0% from 18.5 million rupees in the year-earlier period.

The normalized profit margin fell to 0.5% from 2.0% in the year-earlier period.

Total revenue totaled 916.3 million rupees, compared with 910.0 million rupees in the year-earlier period, and total operating expenses climbed on an annual basis to 905.0 million rupees from 874.9 million rupees.

Reported net income decreased 78.2% on an annual basis to 4.4 million rupees, or 1.17 rupees per share, from 20.2 million rupees, or 5.40 rupees per share.

As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.