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Dollar Industries fiscal Q3 profit climbs 38.8% YOY

Dollar Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 1.10 Indian rupees per share, a gain of 38.6% from 80 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 42.6 million rupees, a gain of 38.8% from 30.7 million rupees in the year-earlier period.

The normalized profit margin climbed to 2.3% from 2.1% in the year-earlier period.

Total revenue climbed 28.4% on an annual basis to 1.88 billion rupees from 1.47 billion rupees, and total operating expenses increased 38.2% on an annual basis to 1.89 billion rupees from 1.37 billion rupees.

Reported net income increased 99.5% year over year to 38.2 million rupees, or 99 paise per share, from 19.2 million rupees, or 50 paise per share.

As of Jan. 15, US$1 was equivalent to 67.78 Indian rupees.