Talwalkars Better Value Fitness Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 8.37 Indian rupees per share, a gain of 38.5% from 6.05 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 219.3 million rupees, an increase of 38.6% from 158.2 million rupees in the prior-year period.
The normalized profit margin climbed to 32.0% from 26.9% in the year-earlier period.
Total revenue grew 16.4% year over year to 686.1 million rupees from 589.3 million rupees, and total operating expenses increased 7.2% from the prior-year period to 314.3 million rupees from 293.1 million rupees.
Reported net income rose 20.1% year over year to 178.8 million rupees, or 6.83 rupees per share, from 148.9 million rupees, or 5.69 rupees per share.
For the year, the company's normalized net income totaled 16.52 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 17.60 rupees.
EPS rose 31.7% from 12.54 rupees in the prior year.
Normalized net income was 432.4 million rupees, a rise of 31.7% from 328.4 million rupees in the prior year.
Full-year total revenue increased 20.5% year over year to 2.26 billion rupees from 1.87 billion rupees, and total operating expenses rose 18.0% on an annual basis to 1.39 billion rupees from 1.18 billion rupees.
The company said reported net income increased 25.9% year over year to 460.8 million rupees, or 17.60 rupees per share, in the full year, from 365.9 million rupees, or 13.98 rupees per share.
As of June 12, US$1 was equivalent to 64.05 Indian rupees.
