DFM Foods Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 2.92 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 2.06 rupees per share.
EPS rose year over year from 1.24 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 29.2 million rupees, a gain from 12.4 million rupees in the year-earlier period.
The normalized profit margin climbed to 4.2% from 1.8% in the year-earlier period.
Total revenue fell year over year to 688.2 million rupees from 701.0 million rupees, and total operating expenses declined 5.2% on an annual basis to 636.3 million rupees from 671.0 million rupees.
Reported net income grew from the prior-year period to 31.2 million rupees, or 3.12 rupees per share, from 13.1 million rupees, or 1.31 rupees per share.
As of Jan. 22, US$1 was equivalent to 61.40 Indian rupees.
