Pochiraju Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 1.61 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 2.19 rupees per share.
EPS increased year over year from 27 paise.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 30.3 million rupees, a gain from 5.2 million rupees in the prior-year period.
The normalized profit margin increased to 7.4% from 2.0% in the year-earlier period.
Total revenue climbed 59.1% on an annual basis to 410.5 million rupees from 258.0 million rupees, and total operating expenses rose 46.6% from the prior-year period to 343.8 million rupees from 234.5 million rupees.
Reported net income grew year over year to 46.5 million rupees, or 2.46 rupees per share, from 7.8 million rupees, or 41 paise per share.
As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.
