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Butterfly Gandhimathi Appliances fiscal Q3 profit climbs YOY

Butterfly Gandhimathi Appliances Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 75 Indian paise per share, an increase from 15 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 13.4 million rupees, a gain from 2.8 million rupees in the year-earlier period.

The normalized profit margin increased to 0.7% from 0.2% in the year-earlier period.

Total revenue increased 71.2% year over year to 2.01 billion rupees from 1.17 billion rupees, and total operating expenses rose 72.1% on an annual basis to 1.91 billion rupees from 1.11 billion rupees.

Reported net income rose from the prior-year period to 10.6 million rupees, or 59 paise per share, from 2.9 million rupees, or 16 paise per share.

As of Feb. 9, US$1 was equivalent to 67.92 Indian rupees.