Virtual Global Education Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to 5.3 million rupees, a rise from 281,720 rupees in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin rose to 5.8% from 1.0% in the year-earlier period.
Total revenue grew on an annual basis to 91.0 million rupees from 29.2 million rupees, and total operating expenses climbed from the prior-year period to 82.5 million rupees from 28.6 million rupees.
Reported net income increased year over year to 8.4 million rupees, or 2 paise per share, from 450,760 rupees.
As of Feb. 12, US$1 was equivalent to 68.19 Indian rupees.