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Photoquip India fiscal Q4 loss widens 8.3% YOY

Photoquip India Ltd said its normalized net income for the fiscal fourth quarter ended March 31 came to a loss of 5.95 Indian rupees per share, compared with a loss of 5.45 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 28.3 million rupees, compared with a loss of 26.2 million rupees in the prior-year period.

The normalized profit margin dropped to negative 10.5% from negative 9.9% in the year-earlier period.

Total revenue grew on an annual basis to 270.5 million rupees from 264.3 million rupees, and total operating expenses increased 8.7% from the prior-year period to 312.4 million rupees from 287.4 million rupees.

Reported net income totaled a loss of 36.9 million rupees, or a loss of 7.74 rupees per share, compared to a loss of 34.0 million rupees, or a loss of 7.08 rupees per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of 7.77 rupees per share, compared with a loss of 4.10 rupees per share in the prior year.

Normalized net income was a loss of 37.3 million rupees, compared with a loss of 19.7 million rupees in the prior year.

Full-year total revenue rose 10.6% from the prior-year period to 1.01 billion rupees from 914.2 million rupees, and total operating expenses rose 15.4% on an annual basis to 1.05 billion rupees from 914.3 million rupees.

The company said reported net income came to a loss of 29.6 million rupees, or a loss of 6.17 rupees per share, in the full year, compared with a loss of 27.0 million rupees, or a loss of 5.63 rupees per share, the prior year.

As of May 29, US$1 was equivalent to 63.76 Indian rupees.