Lumax Auto Technologies Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 5.22 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 6.76 rupees per share.
EPS rose 24.6% year over year from 4.19 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 71.2 million rupees, an increase of 24.7% from 57.1 million rupees in the prior-year period.
The normalized profit margin increased to 3.4% from 3.0% in the year-earlier period.
Total revenue climbed 8.5% on an annual basis to 2.09 billion rupees from 1.93 billion rupees, and total operating expenses rose 7.3% year over year to 1.97 billion rupees from 1.83 billion rupees.
Reported net income grew 22.6% on an annual basis to 78.0 million rupees, or 5.72 rupees per share, from 63.6 million rupees, or 4.67 rupees per share.
As of Jan. 28, US$1 was equivalent to 61.32 Indian rupees.
