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Grandma Trading & Agencies fiscal Q3 profit climbs YOY

Grandma Trading and Agencies Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 939,380 rupees, a rise from 913,750 rupees in the year-earlier period.

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

Reported net income increased year over year to 1.5 million rupees, or 1 paise per share, from 1.5 million rupees, or 1 paise per share.

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