Asian Paints Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 3.47 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 4.54 rupees per share.
EPS climbed 11.9% year over year from 3.10 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.33 billion rupees, an increase of 11.7% from 2.98 billion rupees in the prior-year period.
The normalized profit margin climbed to 9.2% from 8.7% in the year-earlier period.
Total revenue increased 5.6% on an annual basis to 36.03 billion rupees from 34.13 billion rupees, and total operating expenses increased 5.0% year over year to 30.87 billion rupees from 29.39 billion rupees.
Reported net income increased 11.8% year over year to 3.68 billion rupees, or 3.84 rupees per share, from 3.29 billion rupees, or 3.43 rupees per share.
As of Jan. 29, US$1 was equivalent to 61.78 Indian rupees.
