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Dhampure Speciality Sugars fiscal Q3 profit falls YOY

Dhampure Speciality Sugars Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 13 Indian paise per share, a decrease of 34.8% from 21 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 928,130 rupees, a decrease of 35.9% from 1.4 million rupees in the prior-year period.

The normalized profit margin fell to 1.0% from 1.6% in the year-earlier period.

Total revenue fell on an annual basis to 88.7 million rupees from 91.9 million rupees, and total operating expenses declined year over year to 87.7 million rupees from 90.1 million rupees.

Reported net income declined 32.9% from the prior-year period to 1.0 million rupees, or 15 paise per share, from 1.6 million rupees, or 22 paise per share.

As of Feb. 9, US$1 was equivalent to 62.14 Indian rupees.