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Hindustan Foods fiscal Q4 loss widens YOY

Hindustan Foods Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to a loss of 8.19 Indian rupees per share, compared with a loss of 1.13 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 41.0 million rupees, compared with a loss of 5.6 million rupees in the prior-year period.

The normalized profit margin dropped to negative 43.3% from negative 25.9% in the year-earlier period.

Total revenue rose on an annual basis to 94.6 million rupees from 21.7 million rupees, and total operating expenses rose on an annual basis to 127.4 million rupees from 26.9 million rupees.

Reported net income came to 45.0 million rupees, or 9.00 rupees per share, compared to a loss of 9.3 million rupees, or a loss of 1.85 rupees per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 10.69 rupees per share, compared with a loss of 2.74 rupees per share in the prior year.

Normalized net income was a loss of 53.5 million rupees, compared with a loss of 13.7 million rupees in the prior year.

Full-year total revenue increased on an annual basis to 174.2 million rupees from 55.1 million rupees, and total operating expenses increased 238.9% year over year to 215.4 million rupees from 63.6 million rupees.

The company said reported net income came to 25.0 million rupees, or 5.00 rupees per share, in the full year, compared with a loss of 22.6 million rupees, or a loss of 4.52 rupees per share, the prior year.

As of May 26, US$1 was equivalent to 63.95 Indian rupees.