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Sinnar Bidi Udyog fiscal Q4 profit climbs YOY


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Sinnar Bidi Udyog fiscal Q4 profit climbs YOY

Sinnar Bidi Udyog Ltd said its normalized net income for the fiscal fourth quarter ended March 31 came to 3.69 Indian rupees per share, an increase of 14.9% from 3.22 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 646,580 rupees, compared with 643,320 rupees in the year-earlier period.

The normalized profit margin climbed to 2.5% from 2.1% in the year-earlier period.

Total revenue fell 9.0% year over year to 27.4 million rupees from 30.1 million rupees, and total operating expenses decreased 11.7% year over year to 24.4 million rupees from 27.7 million rupees.

Reported net income declined 49.0% year over year to 717,120 rupees, or 4.10 rupees per share, from 1.4 million rupees, or 7.03 rupees per share.

For the year, the company's normalized net income totaled 3.55 rupees per share, a fall of 71.8% from 12.59 rupees per share in the prior year.

Normalized net income was 709,080 rupees, a decrease of 71.8% from 2.5 million rupees in the prior year.

Full-year total revenue declined 31.5% from the prior-year period to 83.1 million rupees from 121.4 million rupees, and total operating expenses fell 31.5% year over year to 74.0 million rupees from 108.1 million rupees.

The company said reported net income fell 82.2% year over year to 517,120 rupees, or 2.59 rupees per share, in the full year, from 2.9 million rupees, or 14.53 rupees per share.

As of July 15, US$1 was equivalent to 63.50 Indian rupees.