K-Lifestyle & Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to a loss of 53 Indian paise per share, compared with a loss of 30 paise per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 534.1 million rupees, compared with a loss of 308.1 million rupees in the year-earlier period.
The normalized profit margin dropped to negative 59.1% from negative 23.6% in the year-earlier period.
Total revenue decreased 30.8% year over year to 903.2 million rupees from 1.30 billion rupees, and total operating expenses fell from the prior-year period to 1.66 billion rupees from 1.71 billion rupees.
Reported net income came to a loss of 854.5 million rupees, or a loss of 84 paise per share, compared to a loss of 492.9 million rupees, or a loss of 48 paise per share, in the year-earlier period.
As of Feb. 12, US$1 was equivalent to 62.20 Indian rupees.
