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Donear Industries fiscal Q3 profit climbs YOY

Donear Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 46 Indian paise per share, an increase from 15 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 23.9 million rupees, an increase from 7.7 million rupees in the year-earlier period.

The normalized profit margin increased to 2.0% from 0.7% in the year-earlier period.

Total revenue grew year over year to 1.21 billion rupees from 1.19 billion rupees, and total operating expenses fell from the prior-year period to 1.11 billion rupees from 1.12 billion rupees.

Reported net income rose 11.6% year over year to 28.5 million rupees, or 55 paise per share, from 25.5 million rupees, or 49 paise per share.

As of Feb. 12, US$1 was equivalent to 68.19 Indian rupees.