SVP Global Ventures Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 19.3 million rupees, an increase from 73,750 rupees in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to 0.6% from 2.7% in the year-earlier period.

Total revenue climbed year over year to 3.34 billion rupees from 2.7 million rupees, and total operating expenses increased from the prior-year period to 3.23 billion rupees from 2.6 million rupees.

Reported net income grew from the prior-year period to 21.5 million rupees, or 1.70 rupees per share, from 118,000 rupees, or 1 paise per share.

As of Feb. 12, US$1 was equivalent to 68.19 Indian rupees.