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Lambodhara Textiles fiscal Q3 profit climbs YOY

Lambodhara Textiles Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 82 Indian paise per share, a gain from 40 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 7.5 million rupees, a gain from 3.5 million rupees in the prior-year period.

The normalized profit margin increased to 2.4% from 1.3% in the year-earlier period.

Total revenue grew 13.8% on an annual basis to 305.1 million rupees from 268.2 million rupees, and total operating expenses grew 12.4% year over year to 277.5 million rupees from 246.8 million rupees.

Reported net income grew 53.0% year over year to 9.6 million rupees, or 1.05 rupees per share, from 6.3 million rupees, or 72 paise per share.

As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.