UltraTech Cement Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 17.42 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 20.14 rupees per share.
EPS rose 28.4% year over year from 13.56 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 4.78 billion rupees, a gain of 28.5% from 3.72 billion rupees in the prior-year period.
The normalized profit margin rose to 7.8% from 6.4% in the year-earlier period.
Total revenue rose year over year to 61.08 billion rupees from 58.35 billion rupees, and total operating expenses grew on an annual basis to 52.55 billion rupees from 51.07 billion rupees.
Reported net income increased 36.5% from the prior-year period to 5.46 billion rupees, or 19.88 rupees per share, from 4.00 billion rupees, or 14.57 rupees per share.
As of Jan. 20, US$1 was equivalent to 68.02 Indian rupees.
