Bambino Agro Industries Ltd said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, came to 1.46 Indian rupees per share, a decrease of 11.4% from 1.65 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 11.7 million rupees, a decrease of 11.3% from 13.2 million rupees in the year-earlier period.
The normalized profit margin declined to 1.9% from 2.1% in the year-earlier period.
Total revenue declined year over year to 614.5 million rupees from 631.7 million rupees, and total operating expenses decreased on an annual basis to 568.6 million rupees from 587.4 million rupees.
Reported net income declined 11.8% year over year to 16.0 million rupees, or 2.00 rupees per share, from 18.2 million rupees, or 2.27 rupees per share.
As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.
