Chaman Lal Setia Exports Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 75 Indian paise per share, compared with the S&P Capital IQ consensus estimate of 1.12 rupees per share.
EPS declined 15.3% year over year from 88 paise.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 38.2 million rupees, a decline of 17.9% from 46.6 million rupees in the year-earlier period.
The normalized profit margin dropped to 3.0% from 5.0% in the year-earlier period.
Total revenue rose 39.1% year over year to 1.29 billion rupees from 928.4 million rupees, and total operating expenses rose 43.4% year over year to 1.23 billion rupees from 854.9 million rupees.
Reported net income declined 22.5% from the prior-year period to 40.4 million rupees, or 79 paise per share, from 52.1 million rupees, or 99 paise per share.
As of Feb. 9, US$1 was equivalent to 62.14 Indian rupees.
