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Fairdeal Filaments fiscal Q3 profit climbs 30.9% YOY

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Fairdeal Filaments fiscal Q3 profit climbs 30.9% YOY

Fairdeal Filaments Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 85 Indian paise per share, a gain of 31.2% from 65 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.4 million rupees, a gain of 30.9% from 2.6 million rupees in the year-earlier period.

The normalized profit margin climbed to 0.7% from 0.7% in the year-earlier period.

Total revenue increased 29.0% year over year to 488.9 million rupees from 379.0 million rupees, and total operating expenses climbed 29.6% on an annual basis to 470.9 million rupees from 363.2 million rupees.

Reported net income increased 17.4% on an annual basis to 3.4 million rupees, or 85 paise per share, from 2.9 million rupees, or 72 paise per share.

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