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Hindustan Composites fiscal Q3 profit climbs 20.5% YOY

Hindustan Composites Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 3.71 Indian rupees per share, an increase of 20.5% from 3.08 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 54.8 million rupees, an increase of 20.5% from 45.4 million rupees in the year-earlier period.

The normalized profit margin rose to 14.6% from 12.9% in the year-earlier period.

Total revenue rose 6.9% year over year to 375.6 million rupees from 351.3 million rupees, and total operating expenses grew year over year to 288.0 million rupees from 275.6 million rupees.

Reported net income increased 9.8% from the prior-year period to 60.7 million rupees, or 4.11 rupees per share, from 55.3 million rupees, or 3.74 rupees per share.

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