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Triveni Enterprises fiscal Q3 profit climbs YOY

Triveni Enterprises Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 404,380 rupees, an increase from 151,250 rupees in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to 0.6% from 1.3% in the year-earlier period.

Total revenue rose year over year to 62.6 million rupees from 11.5 million rupees, and total operating expenses increased from the prior-year period to 62.0 million rupees from 11.3 million rupees.

Reported net income rose 84.7% year over year to 447,000 rupees, or 1 paise per share, from 242,000 rupees, or 10 paise per share.

As of Feb. 16, US$1 was equivalent to 62.15 Indian rupees.