Sumeet Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 1.23 Indian rupees per share, an increase of 25.3% from 98 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 71.3 million rupees, a gain of 25.6% from 56.8 million rupees in the year-earlier period.
The normalized profit margin climbed to 1.9% from 1.5% in the year-earlier period.
Total revenue fell on an annual basis to 3.70 billion rupees from 3.86 billion rupees, and total operating expenses decreased 5.0% from the prior-year period to 3.49 billion rupees from 3.67 billion rupees.
Reported net income increased 57.9% year over year to 96.8 million rupees, or 1.67 rupees per share, from 61.3 million rupees, or 1.06 rupees per share.
As of Feb. 6, US$1 was equivalent to 61.94 Indian rupees.
