Alicon Castalloy Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 3.48 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 4.43 rupees per share.
EPS increased 27.8% year over year from 2.72 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 38.2 million rupees, an increase of 28.0% from 29.9 million rupees in the prior-year period.
The normalized profit margin increased to 2.6% from 2.2% in the year-earlier period.
Total revenue grew 7.9% year over year to 1.47 billion rupees from 1.36 billion rupees, and total operating expenses grew 6.4% year over year to 1.38 billion rupees from 1.30 billion rupees.
Reported net income rose 30.9% on an annual basis to 42.6 million rupees, or 3.87 rupees per share, from 32.5 million rupees, or 2.96 rupees per share.
As of Feb. 2, US$1 was equivalent to 61.72 Indian rupees.
