Binny Mills Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 51 Indian paise per share, an increase from 24 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 1.6 million rupees, an increase from 761,700 rupees in the prior-year period.
The normalized profit margin climbed to 8.4% from 3.8% in the year-earlier period.
Total revenue declined on an annual basis to 19.2 million rupees from 20.1 million rupees, and total operating expenses declined 12.1% from the prior-year period to 16.6 million rupees from 18.9 million rupees.
Reported net income grew 51.1% from the prior-year period to 1.7 million rupees, or 53 paise per share, from 1.1 million rupees, or 35 paise per share.
As of Jan. 30, US$1 was equivalent to 62.01 Indian rupees.
