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Unique Organics fiscal Q4 profit falls YOY

Unique Organics Ltd said its normalized net income for the fiscal fourth quarter ended March 31 came to 14 Indian paise per share, a decrease of 85.7% from 1.01 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 867,730 rupees, a decline of 85.7% from 6.1 million rupees in the year-earlier period.

The normalized profit margin fell to 0.2% from 0.6% in the year-earlier period.

Total revenue fell 59.5% year over year to 382.7 million rupees from 944.3 million rupees, and total operating expenses decreased 59.3% on an annual basis to 374.0 million rupees from 919.7 million rupees.

Reported net income fell 62.3% year over year to 2.8 million rupees, or 46 paise per share, from 7.3 million rupees, or 1.22 rupees per share.

For the year, the company's normalized net income totaled 1.91 rupees per share, a decline of 72.6% from 6.98 rupees per share in the prior year.

Normalized net income was 11.4 million rupees, a decline of 72.6% from 41.6 million rupees in the prior year.

Full-year total revenue decreased 19.3% year over year to 1.95 billion rupees from 2.42 billion rupees, and total operating expenses decreased 18.2% year over year to 1.93 billion rupees from 2.36 billion rupees.

The company said reported net income fell 69.2% year over year to 14.0 million rupees, or 2.36 rupees per share, in the full year, from 45.6 million rupees, or 7.66 rupees per share.

As of July 8, US$1 was equivalent to 63.52 Indian rupees.