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Triton Valves profit misses consensus by 27.9% in fiscal Q3

Triton Valves Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 18.85 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 26.16 rupees per share.

EPS increased year over year from 4.68 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 18.7 million rupees, an increase from 4.6 million rupees in the prior-year period.

The normalized profit margin rose to 4.3% from 1.1% in the year-earlier period.

Total revenue rose 6.8% year over year to 437.6 million rupees from 409.5 million rupees, and total operating expenses grew from the prior-year period to 393.4 million rupees from 385.5 million rupees.

Reported net income rose from the prior-year period to 14.5 million rupees, or 14.63 rupees per share, from 4.8 million rupees, or 4.88 rupees per share.

As of Jan. 30, US$1 was equivalent to 62.01 Indian rupees.