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Lovle Lingerie fiscal Q3 profit climbs 7.4% YOY

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Lovle Lingerie fiscal Q3 profit climbs 7.4% YOY

Lovable Lingerie Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 1.80 Indian rupees per share, a gain of 7.3% from 1.68 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 30.2 million rupees, a gain of 7.4% from 28.1 million rupees in the year-earlier period.

The normalized profit margin rose to 7.3% from 7.2% in the year-earlier period.

Total revenue increased 5.9% on an annual basis to 414.7 million rupees from 391.8 million rupees, and total operating expenses climbed 11.4% year over year to 383.7 million rupees from 344.5 million rupees.

Reported net income grew 19.6% on an annual basis to 38.1 million rupees, or 2.27 rupees per share, from 31.9 million rupees, or 1.90 rupees per share.

As of Feb. 11, US$1 was equivalent to 62.51 Indian rupees.