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Suprajit Engineering fiscal Q3 profit climbs 73.7% YOY

Suprajit Engineering Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 1.78 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 1.65 rupees per share.

EPS increased 73.8% year over year from 1.02 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 212.4 million rupees, a gain of 73.7% from 122.2 million rupees in the prior-year period.

The normalized profit margin increased to 8.2% from 7.5% in the year-earlier period.

Total revenue increased 60.7% year over year to 2.61 billion rupees from 1.62 billion rupees, and total operating expenses climbed 59.1% year over year to 2.22 billion rupees from 1.39 billion rupees.

Reported net income increased 88.2% year over year to 225.1 million rupees, or 1.88 rupees per share, from 119.6 million rupees, or 100 paise per share.

As of Feb. 9, US$1 was equivalent to 67.92 Indian rupees.