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JBM Auto fiscal Q4 profit climbs 19.1% YOY

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JBM Auto fiscal Q4 profit climbs 19.1% YOY

JBM Auto Ltd said its normalized net income for the fiscal fourth quarter ended March 31 came to 2.18 Indian rupees per share, a gain of 7.3% from 2.03 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 101.9 million rupees, an increase of 19.1% from 85.6 million rupees in the prior-year period.

The normalized profit margin rose to 2.4% from 2.3% in the year-earlier period.

Total revenue grew 12.5% year over year to 4.22 billion rupees from 3.75 billion rupees, and total operating expenses climbed 13.5% year over year to 3.86 billion rupees from 3.40 billion rupees.

Reported net income decreased 45.2% from the prior-year period to 78.5 million rupees, or 1.68 rupees per share, from 143.1 million rupees, or 3.40 rupees per share.

For the year, the company's normalized net income totaled 10.32 rupees per share, a decrease of 28.6% from 14.44 rupees per share in the prior year.

Normalized net income was 421.0 million rupees, a fall of 28.6% from 589.2 million rupees in the prior year.

Full-year total revenue declined from the prior-year period to 15.18 billion rupees from 15.57 billion rupees, and total operating expenses declined year over year to 13.80 billion rupees from 14.01 billion rupees.

The company said reported net income declined 32.1% on an annual basis to 505.6 million rupees, or 12.39 rupees per share, in the full year, from 744.4 million rupees, or 18.25 rupees per share.

As of Aug. 12, US$1 was equivalent to 66.83 Indian rupees.