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Alfa Ica (India) fiscal Q3 profit climbs YOY

Alfa Ica (India) Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 97 Indian paise per share, a gain from 24 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.9 million rupees, a gain from 1.1 million rupees in the year-earlier period.

The normalized profit margin climbed to 2.5% from 0.7% in the year-earlier period.

Total revenue grew 8.9% on an annual basis to 156.9 million rupees from 144.0 million rupees, and total operating expenses grew from the prior-year period to 145.5 million rupees from 139.1 million rupees.

Reported net income rose on an annual basis to 4.2 million rupees, or 1.05 rupees per share, from 220,000 rupees, or 5 paise per share.

As of Feb. 6, US$1 was equivalent to 61.94 Indian rupees.