Swedish telecom company Ericson, which follows a January-to-December financial year said it posted a net income of $364,297,686 (Swedish Kroner 3.1 billion) for the third quarter alone.
This means a rise of 19 percent from the same time last year.
The company's operating income rose by 39 percent to 5.1 billion kroner in the quarter from 3.9 billion kroner in Q3.
However, the net sales growth saw a marginal growth from 57.6 billion kroner to 59.2 billion kroner in the quarter under review.
Ericsson reported lower sales in networks which were partly offset by sales growth in professional services, the company said in a statement.
Net sales in India grew by 97 percent from January to September 2015, and in Q3, India alone contributed six percent to the overall sales and continues to be the top third country for Ericsson, the statement added.
India has emerged as the highest growing region for Ericsson, 81 percent over last year and 19 percent over last quarter.
Networks sales were impacted due to slowdown in 4G deployments in mainland China, the statement further added.
For Ericsson, India closed the gap with China which contributed seven percent in Q3 2015.
