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Maharashtra Scooters fiscal Q3 profit climbs 92.7% YOY

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Maharashtra Scooters fiscal Q3 profit climbs 92.7% YOY

4544886 said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 1.44 Indian rupees per share, an increase of 93.3% from 74 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 16.5 million rupees, an increase of 92.7% from 8.6 million rupees in the prior-year period.

The normalized profit margin climbed to 118.7% from 78.6% in the year-earlier period.

Total revenue climbed 27.5% on an annual basis to 13.9 million rupees from 10.9 million rupees, and total operating expenses increased 10.4% from the prior-year period to 29.6 million rupees from 26.8 million rupees.

Reported net income rose 92.7% year over year to 26.4 million rupees, or 2.30 rupees per share, from 13.7 million rupees, or 1.19 rupees per share.

s of Jan. 13, US$1 was equivalent to 62.01 Indian rupees.Maharashtra Scooters Ltd.

4544886 said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 1.44 Indian rupees per share, an increase of 93.3% from 74 paise per share in the prior-year period.