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Kriti Nutrients fiscal Q3 profit climbs YOY

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Kriti Nutrients fiscal Q3 profit climbs YOY

Kriti Nutrients Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 69 Indian paise per share, a gain from 31 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 34.9 million rupees, an increase from 15.6 million rupees in the year-earlier period.

The normalized profit margin increased to 4.2% from 2.1% in the year-earlier period.

Total revenue climbed 11.7% year over year to 836.3 million rupees from 748.8 million rupees, and total operating expenses grew 8.2% year over year to 767.9 million rupees from 709.5 million rupees.

Reported net income grew year over year to 38.2 million rupees, or 76 paise per share, from 16.9 million rupees, or 34 paise per share.

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