Concrete Credit Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 22,500 rupees, a decline of 78.9% from 106,880 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 0.6% from 23.0% in the year-earlier period.
Total revenue climbed year over year to 3.5 million rupees from 465,000 rupees, and total operating expenses grew on an annual basis to 3.5 million rupees from 294,000 rupees.
Reported net income came to 36,000 rupees, compared with 171,000 rupees in the prior-year period.
As of Feb. 9, US$1 was equivalent to 62.14 Indian rupees.
