Lypsa Gems & Jewellery Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 1.01 Indian rupees per share, an increase from 50 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 29.8 million rupees, a gain from 14.8 million rupees in the prior-year period.
The normalized profit margin climbed to 1.9% from 1.2% in the year-earlier period.
Total revenue increased 20.3% year over year to 1.53 billion rupees from 1.27 billion rupees, and total operating expenses increased 18.3% on an annual basis to 1.47 billion rupees from 1.24 billion rupees.
Reported net income grew from the prior-year period to 42.6 million rupees, or 1.44 rupees per share, from 20.5 million rupees, or 70 paise per share.
As of Feb. 2, US$1 was equivalent to 61.72 Indian rupees.
