K.P.R. Mill Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 4.83 Indian rupees per share, a gain of 61.6% from 2.99 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 363.8 million rupees, an increase of 61.4% from 225.4 million rupees in the year-earlier period.
The normalized profit margin increased to 5.9% from 4.1% in the year-earlier period.
Total revenue increased 11.2% on an annual basis to 6.19 billion rupees from 5.56 billion rupees, and total operating expenses climbed 10.3% year over year to 5.49 billion rupees from 4.98 billion rupees.
Reported net income rose 69.9% on an annual basis to 422.3 million rupees, or 5.61 rupees per share, from 248.5 million rupees, or 3.29 rupees per share.
As of Feb. 5, US$1 was equivalent to 61.74 Indian rupees.
