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Hawkins Cookers fiscal Q3 profit climbs YOY

Hawkins Cookers Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 16.14 Indian rupees per share, an increase from 5.40 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 85.4 million rupees, an increase from 28.6 million rupees in the year-earlier period.

The normalized profit margin increased to 6.1% from 2.6% in the year-earlier period.

Total revenue climbed 27.0% year over year to 1.40 billion rupees from 1.11 billion rupees, and total operating expenses grew 19.5% year over year to 1.27 billion rupees from 1.06 billion rupees.

Reported net income rose from the prior-year period to 66.1 million rupees, or 12.50 rupees per share, from 30.7 million rupees, or 5.81 rupees per share.

As of Feb. 4, US$1 was equivalent to 67.50 Indian rupees.