Neelamalai Agro Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 18.19 Indian rupees per share, a gain of 17.7% from 15.46 rupees per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 11.4 million rupees, a gain of 17.7% from 9.7 million rupees in the year-earlier period.
The normalized profit margin fell to 11.9% from 11.9% in the year-earlier period.
Total revenue grew 18.0% on an annual basis to 96.1 million rupees from 81.5 million rupees, and total operating expenses increased 13.2% on an annual basis to 79.2 million rupees from 69.9 million rupees.
Reported net income increased 8.1% on an annual basis to 15.3 million rupees, or 24.32 rupees per share, from 14.1 million rupees, or 22.50 rupees per share.
As of Feb. 5, US$1 was equivalent to 61.74 Indian rupees.
