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Paramount Cosmetics fiscal Q3 profit climbs 7.3% YOY

Paramount Cosmetics (India) Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 58 Indian paise per share, an increase of 7.9% from 54 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 2.8 million rupees, a gain of 7.3% from 2.6 million rupees in the year-earlier period.

The normalized profit margin increased to 2.7% from 2.5% in the year-earlier period.

Total revenue increased on an annual basis to 106.6 million rupees from 104.8 million rupees, and total operating expenses totaled 97.1 million rupees, compared with 96.3 million rupees in the year-earlier period.

Reported net income grew 6.2% year over year to 3.1 million rupees, or 63 paise per share, from 2.9 million rupees, or 59 paise per share.

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