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Shah Foods fiscal Q3 profit climbs 37.1% YOY

Shah Foods Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 1.12 Indian rupees per share, a gain of 36.6% from 82 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 669,380 rupees, an increase of 37.1% from 488,130 rupees in the year-earlier period.

The normalized profit margin increased to 408.2% from 4.6% in the year-earlier period.

Total revenue totaled 164,000 rupees.

Reported net income rose 37.1% year over year to 1.1 million rupees, or 1.79 rupees per share, from 781,000 rupees, or 1.31 rupees per share.

As of Feb. 2, US$1 was equivalent to 61.72 Indian rupees.