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Winsome Textile Industries posts fiscal Q4 profit

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.