JK Agri Genetics Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to a loss of 7.49 Indian rupees per share, compared with a loss of 7.53 rupees per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 27.0 million rupees, compared with a loss of 27.1 million rupees in the prior-year period.
The normalized profit margin rose to negative 6.8% from negative 7.4% in the year-earlier period.
Total revenue increased 8.3% year over year to 397.9 million rupees from 367.4 million rupees, and total operating expenses grew 6.9% on an annual basis to 417.3 million rupees from 390.5 million rupees.
Reported net income totaled a loss of 29.1 million rupees, or a loss of 8.06 rupees per share, compared to a loss of 19.8 million rupees, or a loss of 5.49 rupees per share, in the year-earlier period.
For the year, the company's normalized net income totaled 29.86 rupees per share, a gain of 18.9% from 25.12 rupees per share in the prior year.
Normalized net income was 107.6 million rupees, an increase of 18.9% from 90.5 million rupees in the prior year.
Full-year total revenue grew 11.3% on an annual basis to 2.10 billion rupees from 1.88 billion rupees, and total operating expenses grew 11.1% year over year to 1.82 billion rupees from 1.64 billion rupees.
The company said reported net income grew year over year to 122.2 million rupees, or 33.90 rupees per share, in the full year, from 118.6 million rupees, or 32.90 rupees per share.
As of Aug. 7, US$1 was equivalent to 63.74 Indian rupees.