Pincon Spirit Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 84 Indian paise per share, an increase of 74.1% from 48 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 33.8 million rupees, an increase of 73.6% from 19.5 million rupees in the year-earlier period.
The normalized profit margin rose to 2.3% from 2.1% in the year-earlier period.
Total revenue rose 59.4% on an annual basis to 1.48 billion rupees from 929.4 million rupees, and total operating expenses climbed 57.3% on an annual basis to 1.41 billion rupees from 895.3 million rupees.
Reported net income grew 74.2% year over year to 36.2 million rupees, or 90 paise per share, from 20.8 million rupees, or 52 paise per share.
As of May 13, US$1 was equivalent to 63.88 Indian rupees.
