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NTC Industries fiscal Q3 profit climbs YOY

NTC industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 30 Indian paise per share, a gain from 7 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 3.2 million rupees, a gain from 749,380 rupees in the prior-year period.

The normalized profit margin rose to 5.5% from 1.9% in the year-earlier period.

Total revenue climbed 50.7% on an annual basis to 59.1 million rupees from 39.3 million rupees, and total operating expenses grew 44.4% from the prior-year period to 53.1 million rupees from 36.8 million rupees.

Reported net income grew year over year to 5.2 million rupees, or 48 paise per share, from 1.2 million rupees, or 11 paise per share.

As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.