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Rishi Techtex fiscal Q3 profit climbs 10.4% YOY

Rishi Techtex Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 34 Indian paise per share, an increase of 10.0% from 31 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.9 million rupees, an increase of 10.4% from 1.7 million rupees in the year-earlier period.

The normalized profit margin rose to 1.6% from 1.5% in the year-earlier period.

Total revenue climbed on an annual basis to 116.8 million rupees from 112.3 million rupees, and total operating expenses climbed 5.1% year over year to 109.7 million rupees from 104.4 million rupees.

Reported net income decreased 26.8% on an annual basis to 3.0 million rupees, or 54 paise per share, from 4.1 million rupees, or 74 paise per share.

As of Feb. 10, US$1 was equivalent to 62.38 Indian rupees.