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BCL Industries & Infrastructures fiscal Q3 profit climbs YOY

BCL Industries Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 17.4 million rupees, a gain from 2.3 million 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 rose to 1.1% from 0.1% in the year-earlier period.

Total revenue declined 12.2% year over year to 1.60 billion rupees from 1.82 billion rupees, and total operating expenses decreased 14.1% from the prior-year period to 1.54 billion rupees from 1.79 billion rupees.

Reported net income grew from the prior-year period to 24.8 million rupees, or 1.75 rupees per share, from 3.7 million rupees.

As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.