National Plastic Industries Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 2.2 million rupees, a fall of 25.9% from 3.0 million rupees in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin dropped to 1.1% from 1.4% in the year-earlier period.
Total revenue fell 5.1% on an annual basis to 197.8 million rupees from 208.5 million rupees, and total operating expenses came to 191.4 million rupees, compared with 191.4 million rupees in the year-earlier period.
Reported net income declined 25.9% year over year to 3.6 million rupees, or 39 paise per share, from 4.8 million rupees.
As of Feb. 11, US$1 was equivalent to 62.51 Indian rupees.
