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TTK Prestige fiscal Q3 profit climbs 33.7% YOY

TTK Prestige Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 29.23 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 29.74 rupees per share.

EPS rose 33.8% year over year from 21.85 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 340.2 million rupees, an increase of 33.7% from 254.4 million rupees in the prior-year period.

The normalized profit margin increased to 7.6% from 6.6% in the year-earlier period.

Total revenue increased 16.7% on an annual basis to 4.48 billion rupees from 3.84 billion rupees, and total operating expenses increased 15.1% on an annual basis to 3.95 billion rupees from 3.43 billion rupees.

Reported net income increased 32.6% on an annual basis to 372.0 million rupees, or 31.96 rupees per share, from 280.6 million rupees, or 24.10 rupees per share.

As of Jan. 18, US$1 was equivalent to 67.68 Indian rupees.