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Menon Pistons profit misses consensus by 36.6% in fiscal Q3

Menon Pistons Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 20 Indian paise per share, compared with the S&P Capital IQ consensus estimate of 32 paise per share.

EPS climbed year over year from 10 paise.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 10.2 million rupees, an increase from 5.0 million rupees in the year-earlier period.

The normalized profit margin climbed to 3.0% from 1.5% in the year-earlier period.

Total revenue increased year over year to 344.6 million rupees from 329.5 million rupees, and total operating expenses climbed from the prior-year period to 320.1 million rupees from 312.9 million rupees.

Reported net income increased on an annual basis to 11.1 million rupees, or 22 paise per share, from 5.4 million rupees, or 11 paise per share.

As of Feb. 12, US$1 was equivalent to 62.20 Indian rupees.