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Delta Corp. fiscal Q3 profit climbs YOY

Delta Corp. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 41 Indian paise per share, a gain from 7 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 95.4 million rupees, an increase from 14.2 million rupees in the prior-year period.

The normalized profit margin climbed to 9.5% from 1.8% in the year-earlier period.

Total revenue grew 23.7% year over year to 1.00 billion rupees from 809.5 million rupees, and total operating expenses increased 10.0% from the prior-year period to 767.1 million rupees from 697.5 million rupees.

Reported net income came to 77.0 million rupees, or 33 paise per share, compared to a loss of 4.3 million rupees, or a loss of 2 paise per share, in the prior-year period.

As of Jan. 18, US$1 was equivalent to 67.68 Indian rupees.