Safal Herbs Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 19,380 rupees, a decline of 42.6% from 33,750 rupees in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to 0.3% from 0.7% in the year-earlier period.

Total revenue increased 16.0% on an annual basis to 5.7 million rupees from 4.9 million rupees, and total operating expenses increased 16.6% from the prior-year period to 5.7 million rupees from 4.9 million rupees.

Reported net income fell 20.5% from the prior-year period to 31,000 rupees, or 0 paise per share, from 39,000 rupees, or 0 paise per share.

As of Nov. 9, US$1 was equivalent to 66.41 Indian rupees.