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Zodiac JRD fiscal Q4 profit falls YOY

Zodiac JRD MKJ Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was 45 Indian paise per share, a decline of 34.3% from 69 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.3 million rupees, a decline of 34.9% from 3.6 million rupees in the year-earlier period.

The normalized profit margin dropped to 3.2% from 4.5% in the year-earlier period.

Total revenue decreased 6.0% year over year to 73.5 million rupees from 78.2 million rupees, and total operating expenses fell 5.0% from the prior-year period to 69.8 million rupees from 73.4 million rupees.

Reported net income decreased 97.0% year over year to 2.0 million rupees, or 38 paise per share, from 64.9 million rupees, or 12.53 rupees per share.

For the year, the company's normalized net income totaled 1.34 rupees per share, a decrease of 28.8% from 1.88 rupees per share in the prior year.

Normalized net income was 6.9 million rupees, a decline of 28.8% from 9.7 million rupees in the prior year.

Full-year total revenue fell from the prior-year period to 202.3 million rupees from 210.7 million rupees, and total operating expenses fell year over year to 192.4 million rupees from 198.6 million rupees.

The company said reported net income decreased 89.4% on an annual basis to 7.7 million rupees, or 1.49 rupees per share, in the full year, from 72.7 million rupees, or 14.03 rupees per share.

As of Aug. 19, US$1 was equivalent to 65.15 Indian rupees.