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Triveni Enterprises fiscal Q3 profit falls YOY

Triveni Enterprises Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to 159,380 rupees, a decline of 60.6% from 404,380 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 climbed to 0.7% from 0.6% in the year-earlier period.

Total revenue declined 65.2% year over year to 21.8 million rupees from 62.6 million rupees, and total operating expenses declined 65.0% year over year to 21.7 million rupees from 62.0 million rupees.

Reported net income declined 60.4% on an annual basis to 177,000 rupees, or 3 paise per share, from 447,000 rupees, or 1 paise per share.

As of Feb. 12, US$1 was equivalent to 68.19 Indian rupees.