Rane Brake Lining Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 4.24 Indian rupees per share, a gain from 1.43 rupees per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 33.6 million rupees, an increase from 11.3 million rupees in the year-earlier period.
The normalized profit margin climbed to 3.3% from 1.2% in the year-earlier period.
Total revenue climbed 8.8% on an annual basis to 1.01 billion rupees from 928.0 million rupees, and total operating expenses increased 5.5% year over year to 943.4 million rupees from 894.0 million rupees.
Reported net income increased 78.2% year over year to 43.7 million rupees, or 5.52 rupees per share, from 24.5 million rupees, or 3.10 rupees per share.
As of Jan. 23, US$1 was equivalent to 61.41 Indian rupees.
