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Sunil Industries fiscal Q3 profit climbs YOY

Sunil Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 1.60 Indian rupees per share, a gain from 67 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 6.7 million rupees, a gain from 2.8 million rupees in the year-earlier period.

The normalized profit margin fell to 0.7% from 1.1% in the year-earlier period.

Total revenue climbed year over year to 1.01 billion rupees from 267.6 million rupees, and total operating expenses increased on an annual basis to 989.4 million rupees from 261.7 million rupees.

Reported net income increased on an annual basis to 7.1 million rupees, or 1.69 rupees per share, from 3.0 million rupees, or 72 paise per share.

As of Feb. 16, US$1 was equivalent to 62.15 Indian rupees.