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PDS Multinational Fashions posts fiscal Q4 profit

PDS Multinational Fashions Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to 82.2 million rupees.

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

The normalized profit margin was 0.7%.

Total revenue came to 11.34 billion rupees, and total operating expenses came to 10.89 billion rupees.

Reported net income totaled 128.9 million rupees, or 4.95 rupees per share.

For the year, the company's normalized net income totaled 6.96 rupees per share, a gain of 40.7% from 4.95 rupees per share in the prior year.

Normalized net income was 148.6 million rupees, an increase of 15.3% from 128.9 million rupees in the prior year.

Full-year total revenue rose from the prior-year period to 38.80 billion rupees from 37.12 billion rupees, and total operating expenses increased year over year to 38.30 billion rupees from 37.00 billion rupees.

The company said reported net income increased 18.7% year over year to 217.9 million rupees, or 10.21 rupees per share, in the full year, from 183.6 million rupees, or 7.05 rupees per share.

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