Blue Chip Tex Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 1.79 Indian rupees per share, a decline of 28.7% from 2.50 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 3.5 million rupees, a decrease of 28.4% from 4.9 million rupees in the year-earlier period.
The normalized profit margin dropped to 1.1% from 2.4% in the year-earlier period.
Total revenue grew 62.6% on an annual basis to 329.4 million rupees from 202.6 million rupees, and total operating expenses climbed 67.7% year over year to 322.4 million rupees from 192.3 million rupees.
Reported net income fell 18.2% year over year to 4.3 million rupees, or 2.17 rupees per share, from 5.2 million rupees, or 2.66 rupees per share.
As of Feb. 6, US$1 was equivalent to 61.94 Indian rupees.
