Tata Global Beverages Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 1.37 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 2.01 rupees per share.
EPS increased year over year from 1.34 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 847.6 million rupees, a gain from 829.8 million rupees in the year-earlier period.
The normalized profit margin fell to 4.0% from 4.0% in the year-earlier period.
Total revenue increased year over year to 21.10 billion rupees from 20.54 billion rupees, and total operating expenses grew on an annual basis to 19.49 billion rupees from 18.90 billion rupees.
Reported net income decreased 29.5% year over year to 842.4 million rupees, or 1.36 rupees per share, from 1.20 billion rupees, or 1.93 rupees per share.
As of Jan. 30, US$1 was equivalent to 62.01 Indian rupees.
