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Tasty Bite Eatables fiscal Q3 profit climbs YOY

Tasty Bite Eatables Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 7.78 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 8.65 rupees per share.

EPS rose year over year from 2.90 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 20.0 million rupees, an increase from 7.4 million rupees in the prior-year period.

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

Total revenue rose on an annual basis to 404.4 million rupees from 387.7 million rupees, and total operating expenses came to 371.0 million rupees, compared with 370.9 million rupees in the year-earlier period.

Reported net income increased year over year to 22.9 million rupees, or 8.92 rupees per share, from 10.1 million rupees, or 3.93 rupees per share.

As of Feb. 12, US$1 was equivalent to 62.20 Indian rupees.