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KDDL Ltd. fiscal Q4 profit falls YOY

KDDL Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was 3.04 Indian rupees per share, a decline of 37.5% from 4.86 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 27.8 million rupees, a decline of 34.6% from 42.5 million rupees in the year-earlier period.

The normalized profit margin fell to 2.5% from 4.3% in the year-earlier period.

Total revenue grew 15.0% year over year to 1.14 billion rupees from 987.6 million rupees, and total operating expenses increased 17.0% year over year to 1.03 billion rupees from 883.9 million rupees.

Reported net income declined 58.2% from the prior-year period to 23.2 million rupees, or 2.54 rupees per share, from 55.6 million rupees, or 6.36 rupees per share.

For the year, the company's normalized net income totaled 9.73 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 10.30 rupees.

EPS rose 26.7% from 7.68 rupees in the prior year.

Normalized net income was 88.1 million rupees, an increase of 27.0% from 69.4 million rupees in the prior year.

Full-year total revenue grew 23.0% on an annual basis to 4.12 billion rupees from 3.35 billion rupees, and total operating expenses increased 22.9% on an annual basis to 3.81 billion rupees from 3.10 billion rupees.

The company said reported net income grew year over year to 86.4 million rupees, or 9.54 rupees per share, in the full year, from 85.1 million rupees, or 9.42 rupees per share.

As of July 28, US$1 was equivalent to 63.82 Indian rupees.