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Samtex Fashions fiscal Q3 profit climbs 12.3% YOY

Samtex Fashions Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 74.9 million rupees, an increase of 12.3% from 66.7 million rupees in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 1.7% from 1.5% in the year-earlier period.

Total revenue came to 4.42 billion rupees, compared with 4.43 billion rupees in the year-earlier period, and total operating expenses declined from the prior-year period to 4.14 billion rupees from 4.21 billion rupees.

Reported net income came to 93.6 million rupees, compared with 84.9 million rupees in the prior-year period.

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