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Spenta International fiscal Q3 profit climbs YOY

Spenta International Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to 1.51 Indian rupees per share, an increase from 38 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 4.2 million rupees, an increase from 1.2 million rupees in the year-earlier period.

The normalized profit margin climbed to 4.9% from 1.9% in the year-earlier period.

Total revenue grew 29.5% year over year to 85.0 million rupees from 65.7 million rupees, and total operating expenses rose 20.2% from the prior-year period to 76.4 million rupees from 63.6 million rupees.

Reported net income increased year over year to 4.8 million rupees, or 1.75 rupees per share, from 510,000 rupees, or 16 paise per share.

As of Feb. 12, US$1 was equivalent to 68.19 Indian rupees.