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VST Industries fiscal Q3 profit climbs 38.7% YOY

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VST Industries fiscal Q3 profit climbs 38.7% YOY

VST Industries Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 25.53 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 26.80 rupees per share.

EPS increased 38.6% year over year from 18.42 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 394.3 million rupees, a gain of 38.7% from 284.4 million rupees in the prior-year period.

The normalized profit margin climbed to 18.2% from 14.5% in the year-earlier period.

Total revenue increased 10.1% on an annual basis to 2.16 billion rupees from 1.96 billion rupees, and total operating expenses climbed on an annual basis to 1.58 billion rupees from 1.55 billion rupees.

Reported net income increased 35.4% year over year to 411.0 million rupees, or 26.61 rupees per share, from 303.6 million rupees, or 19.67 rupees per share.

As of Jan. 21, US$1 was equivalent to 67.91 Indian rupees.