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Dhampure Speciality Sugars fiscal Q3 profit climbs 23.9% YOY

Dhampure Speciality Sugars Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 1.1 million rupees, a rise of 23.9% from 928,130 rupees in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 1.3% from 1.0% in the year-earlier period.

Total revenue decreased on an annual basis to 86.3 million rupees from 88.7 million rupees, and total operating expenses fell on an annual basis to 83.8 million rupees from 87.7 million rupees.

Reported net income came to 1.3 million rupees, compared with 1.0 million rupees, or 15 paise per share, in the year-earlier period.

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