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JCT Ltd. fiscal Q3 profit climbs YOY

JCT Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 4.5 million rupees, a rise from 4.4 million rupees in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to 0.2% from 0.2% in the year-earlier period.

Total revenue increased 10.7% on an annual basis to 2.36 billion rupees from 2.13 billion rupees, and total operating expenses climbed 9.5% year over year to 2.27 billion rupees from 2.08 billion rupees.

Reported net income decreased 26.1% from the prior-year period to 5.2 million rupees, or 1 paisa per share, from 7.0 million rupees, or 1 paise per share.

As of Feb. 12, US$1 was equivalent to 62.20 Indian rupees.