Ganesha Ecosphere Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 2.73 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 4.95 rupees per share.
EPS increased 5.4% year over year from 2.59 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 43.0 million rupees, an increase of 8.7% from 39.5 million rupees in the prior-year period.
The normalized profit margin fell to 2.8% from 3.6% in the year-earlier period.
Total revenue climbed 41.9% year over year to 1.55 billion rupees from 1.10 billion rupees, and total operating expenses grew 42.0% from the prior-year period to 1.44 billion rupees from 1.01 billion rupees.
Reported net income rose 10.5% year over year to 68.2 million rupees, or 4.34 rupees per share, from 61.7 million rupees, or 4.05 rupees per share.
As of Nov. 14, US$1 was equivalent to 61.73 Indian rupees.
