Bharat Seats Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 59 Indian paise per share, compared with the S&P Capital IQ consensus estimate of 77 paise per share.
EPS decreased 8.4% year over year from 64 paise.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 18.3 million rupees, a decline of 8.7% from 20.1 million rupees in the prior-year period.
The normalized profit margin dropped to 1.0% from 1.4% in the year-earlier period.
Total revenue rose 25.2% on an annual basis to 1.77 billion rupees from 1.41 billion rupees, and total operating expenses rose 26.6% year over year to 1.73 billion rupees from 1.37 billion rupees.
Reported net income rose on an annual basis to 20.9 million rupees, or 67 paise per share, from 20.7 million rupees, or 66 paise per share.
As of Jan. 19, US$1 was equivalent to 61.63 Indian rupees.
