Simbhaoli Sugars Ltd said its normalized net income for the fiscal fourth quarter ended March 31 was a loss of 11.79 Indian rupees per share, compared with a loss of 1.72 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 328.2 million rupees, compared with a loss of 45.5 million rupees in the prior-year period.

The normalized profit margin fell to negative 9.0% from negative 1.5% in the year-earlier period.

Total revenue grew 21.3% on an annual basis to 3.65 billion rupees from 3.01 billion rupees, and total operating expenses rose 34.6% from the prior-year period to 3.68 billion rupees from 2.74 billion rupees.

Reported net income came to a loss of 591.8 million rupees, or a loss of 21.25 rupees per share, compared to a loss of 138.0 million rupees, or a loss of 5.23 rupees per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 45.52 rupees per share, compared with a loss of 37.84 rupees per share in the prior year.

Normalized net income was a loss of 1.28 billion rupees, compared with a loss of 1.07 billion rupees in the prior year.

Full-year total revenue rose 6.1% from the prior-year period to 10.42 billion rupees from 9.82 billion rupees, and total operating expenses grew 8.3% year over year to 11.09 billion rupees from 10.24 billion rupees.

The company said reported net income totaled a loss of 2.24 billion rupees, or a loss of 79.25 rupees per share, in the full year, compared with a loss of 1.83 billion rupees, or a loss of 64.80 rupees per share, the prior year.

As of Aug. 14, US$1 was equivalent to 65.08 Indian rupees.