Winsome Textile Industries Ltd said its normalized net income for the fiscal fourth quarter ended March 31 was 35.4 million rupees.

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

The normalized profit margin was 2.1%.

Total revenue totaled 1.67 billion rupees, and total operating expenses came to 1.45 billion rupees.

Reported net income came to a loss of 24.6 million rupees, or a loss of 1.24 rupees per share.

For the year, the company's normalized net income totaled 6.64 rupees per share, a decline of 38.3% from 10.75 rupees per share in the prior year.

Normalized net income was 131.5 million rupees, a decline of 38.3% from 213.0 million rupees in the prior year.

Full-year total revenue grew 29.3% from the prior-year period to 6.49 billion rupees from 5.02 billion rupees, and total operating expenses increased 33.1% on an annual basis to 5.68 billion rupees from 4.27 billion rupees.

The company said reported net income declined 28.7% year over year to 129.2 million rupees, or 6.52 rupees per share, in the full year, from 181.1 million rupees, or 9.14 rupees per share.

As of May 26, US$1 was equivalent to 63.95 Indian rupees.