Larsen & Toubro Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 6.70 Indian rupees per share, a gain of 8.8% from 6.16 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 9.40 billion rupees, an increase of 8.8% from 8.63 billion rupees in the year-earlier period.
The normalized profit margin climbed to 3.6% from 3.6% in the year-earlier period.
Total revenue increased 8.3% on an annual basis to 258.29 billion rupees from 238.48 billion rupees, and total operating expenses rose 10.0% year over year to 237.99 billion rupees from 216.37 billion rupees.
Reported net income increased 19.4% year over year to 10.35 billion rupees, or 7.38 rupees per share, from 8.67 billion rupees, or 6.18 rupees per share.
As of Jan. 29, US$1 was equivalent to 67.85 Indian rupees.
