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Suprajit Engineering fiscal Q4 profit falls YOY

Suprajit Engineering Ltd said its normalized net income for the fiscal fourth quarter ended March 31 came to 91 Indian paise per share, a decline from 94 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 109.4 million rupees, a decline from 112.5 million rupees in the year-earlier period.

The normalized profit margin fell to 7.0% from 7.3% in the year-earlier period.

Total revenue grew year over year to 1.57 billion rupees from 1.54 billion rupees, and total operating expenses climbed year over year to 1.31 billion rupees from 1.28 billion rupees.

Reported net income increased from the prior-year period to 133.4 million rupees, or 1.11 rupees per share, from 128.5 million rupees, or 1.07 rupees per share.

For the year, the company's normalized net income totaled 3.79 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 4.47 rupees.

EPS was 3.80 rupees in the prior year.

Normalized net income was 454.3 million rupees, compared with 456.5 million rupees in the prior year.

Full-year total revenue increased 12.2% on an annual basis to 6.12 billion rupees from 5.45 billion rupees, and total operating expenses rose 14.0% year over year to 5.23 billion rupees from 4.59 billion rupees.

The company said reported net income fell year over year to 502.9 million rupees, or 4.19 rupees per share, in the full year, from 508.1 million rupees, or 4.23 rupees per share.

As of Aug. 18, US$1 was equivalent to 65.44 Indian rupees.