Virat Crane Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 55 Indian paise per share, an increase from 8 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 11.1 million rupees, a gain from 1.7 million rupees in the prior-year period.
The normalized profit margin rose to 7.3% from 1.3% in the year-earlier period.
Total revenue rose 13.3% on an annual basis to 151.8 million rupees from 134.0 million rupees, and total operating expenses totaled 133.0 million rupees, compared with 132.2 million rupees in the year-earlier period.
Reported net income grew on an annual basis to 12.0 million rupees, or 59 paise per share, from 1.9 million rupees, or 9 paise per share.
As of Feb. 9, US$1 was equivalent to 62.14 Indian rupees.
