Igarashi Motors India Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 3.93 Indian rupees per share, a decrease from 4.13 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 120.3 million rupees, an increase of 19.8% from 100.4 million rupees in the prior-year period.
The normalized profit margin increased to 11.8% from 10.8% in the year-earlier period.
Total revenue increased 9.8% on an annual basis to 1.02 billion rupees from 927.0 million rupees, and total operating expenses rose 8.2% year over year to 846.0 million rupees from 782.2 million rupees.
Reported net income rose year over year to 127.9 million rupees, or 4.18 rupees per share, from 125.7 million rupees, or 5.17 rupees per share.
As of Jan. 20, US$1 was equivalent to 61.73 Indian rupees.
