Bombay Cycle & Motor Agency Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 23.50 Indian rupees per share, an increase of 7.3% from 21.91 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 4.7 million rupees, a gain of 5.6% from 4.4 million rupees in the prior-year period.

The normalized profit margin fell to 22.5% from 23.9% in the year-earlier period.

Total revenue climbed 11.8% year over year to 20.8 million rupees from 18.6 million rupees, and total operating expenses rose 12.7% on an annual basis to 16.0 million rupees from 14.2 million rupees.

Reported net income increased year over year to 5.1 million rupees, or 25.57 rupees per share, from 4.9 million rupees, or 24.19 rupees per share.

As of Feb. 5, US$1 was equivalent to 67.80 Indian rupees.