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Alicon Castalloy fiscal Q3 profit climbs 12.4% YOY

Alicon Castalloy Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 3.85 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 4.49 rupees per share.

EPS increased 10.8% year over year from 3.48 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 43.0 million rupees, a gain of 12.4% from 38.2 million rupees in the prior-year period.

The normalized profit margin dropped to 2.4% from 2.6% in the year-earlier period.

Total revenue climbed 21.1% year over year to 1.78 billion rupees from 1.47 billion rupees, and total operating expenses grew 20.7% on an annual basis to 1.67 billion rupees from 1.38 billion rupees.

Reported net income rose 14.1% on an annual basis to 48.6 million rupees, or 4.35 rupees per share, from 42.6 million rupees, or 3.87 rupees per share.

As of Jan. 19, US$1 was equivalent to 67.70 Indian rupees.