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MT Educare fiscal Q3 profit climbs YOY

MT Educare Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 1.34 Indian rupees per share, a gain from 1.32 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 53.5 million rupees, an increase from 52.5 million rupees in the prior-year period.

The normalized profit margin fell to 9.7% from 10.8% in the year-earlier period.

Total revenue climbed 12.8% year over year to 550.5 million rupees from 488.1 million rupees, and total operating expenses rose 11.0% on an annual basis to 457.2 million rupees from 411.9 million rupees.

Reported net income rose 9.3% year over year to 58.7 million rupees, or 1.47 rupees per share, from 53.7 million rupees, or 1.35 rupees per share.

As of Feb. 4, US$1 was equivalent to 61.82 Indian rupees.