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Talbros Automotive Components fiscal Q4 profit falls YOY

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Talbros Automotive Components fiscal Q4 profit falls YOY

Talbros Automotive Components Ltd said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 1.91 Indian rupees per share, a decline of 41.6% from 3.27 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 23.5 million rupees, a decline of 41.7% from 40.4 million rupees in the year-earlier period.

The normalized profit margin dropped to 2.3% from 4.1% in the year-earlier period.

Total revenue increased year over year to 1.04 billion rupees from 994.9 million rupees, and total operating expenses rose year over year to 953.0 million rupees from 924.0 million rupees.

Reported net income decreased 73.4% on an annual basis to 11.3 million rupees, or 92 paise per share, from 42.6 million rupees, or 3.45 rupees per share.

For the year, the company's normalized net income totaled 8.16 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 10.30 rupees.

EPS declined 23.1% from 10.61 rupees in the prior year.

Normalized net income was 100.8 million rupees, a decline of 23.1% from 131.0 million rupees in the prior year.

Full-year total revenue totaled 3.93 billion rupees, compared with 3.91 billion rupees in the prior year, and total operating expenses came to 3.62 billion rupees, compared with 3.60 billion rupees in the year-earlier period.

The company said reported net income declined 31.2% year over year to 97.1 million rupees, or 7.87 rupees per share, in the full year, from 141.2 million rupees, or 11.44 rupees per share.

As of May 20, US$1 was equivalent to 67.47 Indian rupees.