Cindrella Hotels Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 387,500 rupees, compared with 388,130 rupees in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin dropped to 4.3% from 5.0% in the year-earlier period.
Total revenue climbed 17.3% on an annual basis to 9.1 million rupees from 7.7 million rupees, and total operating expenses rose 16.5% on an annual basis to 8.2 million rupees from 7.1 million rupees.
Reported net income came to 430,000 rupees, compared with 429,000 rupees in the prior-year period.
As of Feb. 26, US$1 was equivalent to 61.76 Indian rupees.
