Premier Polyfilm Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 49 Indian paise per share, an increase of 45.3% from 34 paise per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 10.3 million rupees, an increase of 45.1% from 7.1 million rupees in the year-earlier period.
The normalized profit margin increased to 4.3% from 3.4% in the year-earlier period.
Total revenue grew 13.9% on an annual basis to 237.6 million rupees from 208.6 million rupees, and total operating expenses climbed 12.7% from the prior-year period to 219.9 million rupees from 195.2 million rupees.
Reported net income grew 27.6% year over year to 12.5 million rupees, or 60 paise per share, from 9.8 million rupees, or 47 paise per share.
As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.
