Indus Motor Co. Ltd. said its normalized net income for the fiscal third quarter ended March 31 amounted to 38.70 Pakistani rupees per share, compared with the S&P Capital IQ consensus estimate of 33.87 rupees per share.
EPS increased year over year from 11.07 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.04 billion rupees, a gain from 870.4 million rupees in the prior-year period.
The normalized profit margin rose to 10.5% from 4.7% in the year-earlier period.
Total revenue rose 55.4% on an annual basis to 29.08 billion rupees from 18.72 billion rupees, and total operating expenses rose 42.0% from the prior-year period to 25.01 billion rupees from 17.61 billion rupees.
Reported net income rose on an annual basis to 3.28 billion rupees, or 41.72 rupees per share, from 968.6 million rupees, or 12.32 rupees per share.
As of April 30, US$1 was equivalent to 101.69 Pakistani rupees.
