Radix Industries (India) Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 1.26 Indian rupees per share, an increase from 22 paise per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 12.7 million rupees, an increase from 2.2 million rupees in the prior-year period.
The normalized profit margin climbed to 8.5% from 4.5% in the year-earlier period.
Total revenue increased on an annual basis to 148.5 million rupees from 49.7 million rupees, and total operating expenses grew from the prior-year period to 127.0 million rupees from 45.6 million rupees.
Reported net income rose on an annual basis to 13.3 million rupees, or 1.33 rupees per share, from 2.3 million rupees, or 23 paise per share.
As of Feb. 6, US$1 was equivalent to 61.94 Indian rupees.
