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Inceptum Enterprises fiscal Q3 profit climbs YOY

Inceptum Enterprises Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 47,240 rupees, a rise from 21,120 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 rose to 1.6% from 1.1% in the year-earlier period.

Total revenue rose 50.8% on an annual basis to 3.0 million rupees from 2.0 million rupees, and total operating expenses grew 49.5% from the prior-year period to 2.9 million rupees from 2.0 million rupees.

Reported net income rose from the prior-year period to 75,580 rupees, or 2 paise per share, from 33,790 rupees, or 1 paise per share.

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