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India Motor Parts & Accessories fiscal Q4 profit falls YOY

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Capital Markets View – January 2021


India Motor Parts & Accessories fiscal Q4 profit falls YOY

4545926 said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 5.79 Indian rupees per share, a decrease of 26.7% from 7.89 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 48.2 million rupees, a decline of 26.6% from 65.7 million rupees in the year-earlier period.

The normalized profit margin declined to 3.9% from 5.0% in the year-earlier period.

Total revenue decreased 5.8% on an annual basis to 1.23 billion rupees from 1.30 billion rupees, and total operating expenses decreased from the prior-year period to 1.16 billion rupees from 1.20 billion rupees.

Reported net income decreased 10.5% year over year to 71.3 million rupees, or 8.56 rupees per share, from 79.6 million rupees, or 9.57 rupees per share.

For the year, the company's normalized net income totaled 31.25 rupees per share, compared with 31.04 rupees per share in the prior year.

Normalized net income was 260.0 million rupees, compared with 258.3 million rupees in the prior year.

Full-year total revenue amounted to 5.12 billion rupees, compared with 5.12 billion rupees in the prior year, and total operating expenses totaled 4.78 billion rupees, compared with 4.75 billion rupees in the prior-year period.

he company said reported net income increased year ov India Motor Parts & Accessories Ltd..