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Krypton Industries fiscal Q3 profit climbs 56.7% YOY

Krypton Industries Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to 8 Indian paise per share, an increase of 51.1% from 5 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.2 million rupees, a gain of 56.7% from 758,130 rupees in the prior-year period.

The normalized profit margin climbed to 1.2% from 0.8% in the year-earlier period.

Total revenue grew 5.9% year over year to 95.3 million rupees from 89.9 million rupees, and total operating expenses increased 5.7% on an annual basis to 88.2 million rupees from 83.4 million rupees.

Reported net income grew 77.8% from the prior-year period to 1.8 million rupees, or 12 paise per share, from 1.0 million rupees, or 7 paise per share.

As of Feb. 12, US$1 was equivalent to 68.19 Indian rupees.