UltraTech Cement Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 13.56 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 16.12 rupees per share.
EPS rose 11.2% year over year from 12.19 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.72 billion rupees, an increase of 11.3% from 3.35 billion rupees in the prior-year period.
The normalized profit margin fell to 6.4% from 6.5% in the year-earlier period.
Total revenue rose 13.6% year over year to 58.35 billion rupees from 51.37 billion rupees, and total operating expenses grew 11.9% from the prior-year period to 51.07 billion rupees from 45.63 billion rupees.
Reported net income grew on an annual basis to 4.00 billion rupees, or 14.57 rupees per share, from 3.95 billion rupees, or 14.40 rupees per share.
As of Jan. 23, US$1 was equivalent to 61.41 Indian rupees.
