Cindrella Hotels Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 1.0 million rupees, an increase from 387,500 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 3.8% from 4.3% in the year-earlier period.
Total revenue rose year over year to 27.2 million rupees from 9.1 million rupees, and total operating expenses increased from the prior-year period to 25.4 million rupees from 8.2 million rupees.
Reported net income totaled 1.5 million rupees, compared with 430,000 rupees in the prior-year period.
As of Feb. 15, US$1 was equivalent to 68.14 Indian rupees.