BCL Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 2.75 Indian rupees per share, a gain from 1.23 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 38.9 million rupees, an increase from 17.4 million rupees in the prior-year period.

The normalized profit margin rose to 2.5% from 1.1% in the year-earlier period.

Total revenue declined on an annual basis to 1.58 billion rupees from 1.60 billion rupees, and total operating expenses declined from the prior-year period to 1.49 billion rupees from 1.54 billion rupees.

Reported net income grew year over year to 52.2 million rupees, or 3.69 rupees per share, from 24.8 million rupees, or 1.75 rupees per share.

As of Feb. 15, US$1 was equivalent to 68.14 Indian rupees.