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Lumax Industries fiscal Q3 profit climbs YOY

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Lumax Industries fiscal Q3 profit climbs YOY

Lumax Industries Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 2.17 Indian rupees per share, an increase from 14 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 20.2 million rupees, an increase from 1.3 million rupees in the year-earlier period.

The normalized profit margin climbed to 0.8% from 0.0% in the year-earlier period.

Total revenue decreased 5.6% year over year to 2.69 billion rupees from 2.85 billion rupees, and total operating expenses declined 6.3% on an annual basis to 2.65 billion rupees from 2.82 billion rupees.

Reported net income increased year over year to 37.6 million rupees, or 4.03 rupees per share, from 17.6 million rupees, or 1.89 rupees per share.

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