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SR Industries fiscal Q3 profit climbs YOY

S.R. Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 6.2 million rupees, a gain from 11,250 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 rose to 4.0% from 0.0% in the year-earlier period.

Total revenue grew 93.0% on an annual basis to 153.6 million rupees from 79.6 million rupees, and total operating expenses increased on an annual basis to 127.6 million rupees from 61.5 million rupees.

Reported net income grew on an annual basis to 9.9 million rupees, or 71 paise per share, from 85,000 rupees, or 1 paise per share.

As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.