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Gini Silk Mills fiscal Q3 profit climbs 70.3% YOY

4914631 said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to 1.03 Indian rupees per share, a gain of 67.8% from 62 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 5.8 million rupees, a gain of 70.3% from 3.4 million rupees in the year-earlier period.

The normalized profit margin increased to 5.8% from 4.5% in the year-earlier period.

Total revenue increased 30.1% year over year to 99.4 million rupees from 76.4 million rupees, and total operating expenses rose 20.6% from the prior-year period to 86.9 million rupees from 72.0 million rupees.

Reported net income fell 28.8% from the prior-year period to 3.9 million rupees, or 69 paise per share, from 5.4 million rupees, or 98 paise per share.

s of Jan. 29, US$1 was equivalent to 67.85 Indian rupees.Gini Silk Mills Ltd

4914631 said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to 1.03 Indian rupees per share, a gain of 67.8% from 62 paise per share in the prior-year period.