Grasim Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 6.38 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 12.25 rupees per share.
EPS increased 12.0% year over year from 5.70 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.94 billion rupees, a gain of 12.1% from 2.62 billion rupees in the prior-year period.
The normalized profit margin fell to 3.7% from 3.7% in the year-earlier period.
Total revenue increased 12.9% on an annual basis to 80.36 billion rupees from 71.20 billion rupees, and total operating expenses climbed 11.9% from the prior-year period to 72.17 billion rupees from 64.50 billion rupees.
Reported net income totaled 3.34 billion rupees, or 7.26 rupees per share, compared with 3.32 billion rupees, or 7.23 rupees per share, in the year-earlier period.
As of Jan. 30, US$1 was equivalent to 62.01 Indian rupees.
