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Chordia Food Products profit misses consensus by 54.1% in fiscal Q3

Chordia Food Products Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 56 Indian paise per share, compared with the S&P Capital IQ consensus estimate of 1.21 rupees per share.

EPS decreased 64.5% year over year from 1.56 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.7 million rupees, a decline of 64.5% from 4.7 million rupees in the year-earlier period.

The normalized profit margin dropped to 1.7% from 5.0% in the year-earlier period.

Total revenue rose 6.7% year over year to 99.3 million rupees from 93.0 million rupees, and total operating expenses grew 13.9% on an annual basis to 94.9 million rupees from 83.3 million rupees.

Reported net income increased from the prior-year period to 14.0 million rupees, or 4.69 rupees per share, from 5.3 million rupees, or 1.78 rupees per share.

As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.