Kewal Kiran Clothing Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 7.99 Indian rupees per share, a decline from 8.08 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 98.4 million rupees, a decrease from 99.6 million rupees in the year-earlier period.
The normalized profit margin fell to 11.2% from 11.5% in the year-earlier period.
Total revenue rose year over year to 876.8 million rupees from 862.8 million rupees, and total operating expenses climbed on an annual basis to 721.6 million rupees from 704.1 million rupees.
Reported net income decreased from the prior-year period to 104.4 million rupees, or 8.47 rupees per share, from 106.2 million rupees, or 8.62 rupees per share.
As of Jan. 30, US$1 was equivalent to 62.01 Indian rupees.
