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Mac Charles fiscal Q3 profit climbs 25.2% YOY

Mac Charles (India) said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 2.93 Indian rupees per share, a gain of 25.3% from 2.34 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 38.5 million rupees, an increase of 25.2% from 30.7 million rupees in the year-earlier period.

The normalized profit margin increased to 24.1% from 19.9% in the year-earlier period.

Total revenue grew year over year to 159.6 million rupees from 154.3 million rupees, and total operating expenses fell from the prior-year period to 99.7 million rupees from 104.3 million rupees.

Reported net income grew from the prior-year period to 42.2 million rupees, or 3.21 rupees per share, from 3.9 million rupees, or 30 paise per share.

As of Jan. 22, US$1 was equivalent to 61.40 Indian rupees.