Indian Terrain Fashions Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 1.07 Indian rupees per share, a gain of 47.8% from 72 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 30.9 million rupees, an increase of 47.9% from 20.9 million rupees in the year-earlier period.
The normalized profit margin climbed to 4.7% from 3.2% in the year-earlier period.
Total revenue climbed on an annual basis to 660.9 million rupees from 650.7 million rupees, and total operating expenses fell on an annual basis to 587.2 million rupees from 593.5 million rupees.
Reported net income rose 47.9% on an annual basis to 49.4 million rupees, or 1.71 rupees per share, from 33.4 million rupees, or 1.16 rupees per share.
As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.
