Mohit Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 25 Indian paise per share, a gain from 3 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 3.3 million rupees, a gain from 437,500 rupees in the year-earlier period.
The normalized profit margin climbed to 0.6% from 0.1% in the year-earlier period.
Total revenue rose year over year to 578.6 million rupees from 552.9 million rupees, and total operating expenses climbed on an annual basis to 551.4 million rupees from 528.7 million rupees.
Reported net income increased on an annual basis to 4.3 million rupees, or 32 paise per share, from 560,000 rupees, or 4 paise per share.
As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.
