Arrow Textiles Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 74 Indian paise per share, compared with the S&P Capital IQ consensus estimate of 63 paise per share.
EPS increased year over year from 27 paise.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 13.9 million rupees, a gain from 5.3 million rupees in the year-earlier period.
The normalized profit margin increased to 11.1% from 4.6% in the year-earlier period.
Total revenue increased 9.8% year over year to 125.6 million rupees from 114.4 million rupees, and total operating expenses declined on an annual basis to 100.7 million rupees from 102.6 million rupees.
Reported net income rose from the prior-year period to 15.2 million rupees, or 80 paise per share, from 5.0 million rupees, or 26 paise per share.
As of Feb. 2, US$1 was equivalent to 61.72 Indian rupees.
