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CHL Ltd. posts fiscal Q4 profit

CHL Ltd said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 6.2 million rupees.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 2.6%.

Total revenue totaled 236.7 million rupees, and total operating expenses totaled 231.3 million rupees.

Reported net income came to 6.6 million rupees, or 12 paise per share.

For the year, the company's normalized net income totaled a loss of 26 paise per share, compared with 33 paise per share in the prior year.

Normalized net income was a loss of 14.2 million rupees, compared with income of 18.0 million rupees in the prior year.

Full-year total revenue increased year over year to 585.7 million rupees from 574.7 million rupees, and total operating expenses increased 10.1% on an annual basis to 585.9 million rupees from 532.0 million rupees.

The company said reported net income came to a loss of 26.0 million rupees, or a loss of 47 paise per share, in the full year, compared with income of 10.9 million rupees, or 20 paise per share, the prior year.

As of Aug. 11, US$1 was equivalent to 64.36 Indian rupees.