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Talwalkars Better Value Fitness fiscal Q3 profit climbs 9.4% YOY

Talwalkars Better Value Fitness Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 1.13 Indian rupees per share, a gain of 9.2% from 1.04 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 29.7 million rupees, a gain of 9.4% from 27.1 million rupees in the prior-year period.

The normalized profit margin declined to 7.0% from 8.3% in the year-earlier period.

Total revenue rose 28.9% year over year to 422.5 million rupees from 327.8 million rupees, and total operating expenses increased 29.9% from the prior-year period to 314.9 million rupees from 242.3 million rupees.

Reported net income grew 27.0% from the prior-year period to 44.8 million rupees, or 1.71 rupees per share, from 35.3 million rupees, or 1.35 rupees per share.

As of Feb. 5, US$1 was equivalent to 61.74 Indian rupees.