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Uday Jewellery fiscal Q3 profit climbs YOY

Uday Jewellery Industries Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 27 Indian paise per share, a gain from 7 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 3.1 million rupees, an increase from 794,380 rupees in the year-earlier period.

The normalized profit margin increased to 2.4% from 1.4% in the year-earlier period.

Total revenue rose year over year to 129.4 million rupees from 57.0 million rupees, and total operating expenses increased from the prior-year period to 125.0 million rupees from 55.7 million rupees.

Reported net income grew year over year to 3.9 million rupees, or 34 paise per share, from 1.0 million rupees, or 9 paise per share.

As of Feb. 17, US$1 was equivalent to 68.35 Indian rupees.