Suryalata Spinning Mills Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to 8.65 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 7.32 rupees per share.
EPS increased 55.2% year over year from 5.57 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 31.8 million rupees, a gain of 55.4% from 20.4 million rupees in the prior-year period.
The normalized profit margin increased to 3.6% from 2.3% in the year-earlier period.
Total revenue declined on an annual basis to 870.6 million rupees from 894.3 million rupees, and total operating expenses fell 5.2% year over year to 787.8 million rupees from 831.3 million rupees.
Reported net income increased 48.5% year over year to 33.7 million rupees, or 9.18 rupees per share, from 22.7 million rupees, or 6.19 rupees per share.
As of Feb. 5, US$1 was equivalent to 61.74 Indian rupees.
