JBF Industries Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 2.82 Indian rupees per share, a decline of 9.4% from 3.11 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 192.1 million rupees, a decrease of 28.9% from 270.1 million rupees in the prior-year period.
The normalized profit margin fell to 0.8% from 1.3% in the year-earlier period.
Total revenue climbed 12.6% year over year to 24.00 billion rupees from 21.32 billion rupees, and total operating expenses increased 8.5% on an annual basis to 22.20 billion rupees from 20.47 billion rupees.
Reported net income rose from the prior-year period to 217.3 million rupees, or 3.19 rupees per share, from 34.7 million rupees, or 40 paise per share.
As of Feb. 11, US$1 was equivalent to 62.51 Indian rupees.
