Whirlpool of India Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 2.27 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 2.20 rupees per share.
EPS increased 59.6% year over year from 1.42 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 288.1 million rupees, an increase of 58.9% from 181.3 million rupees in the prior-year period.
The normalized profit margin increased to 4.2% from 2.8% in the year-earlier period.
Total revenue increased 6.6% on an annual basis to 6.90 billion rupees from 6.47 billion rupees, and total operating expenses climbed from the prior-year period to 6.54 billion rupees from 6.26 billion rupees.
Reported net income increased 48.4% year over year to 315.4 million rupees, or 2.49 rupees per share, from 212.5 million rupees, or 1.67 rupees per share.
As of Jan. 30, US$1 was equivalent to 62.01 Indian rupees.
