SPL Industries Ltd said its normalized net income for the fiscal fourth quarter ended March 31 was 18 Indian paise per share, compared with a loss of 5 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 5.3 million rupees, compared with a loss of 1.5 million rupees in the prior-year period.

The normalized profit margin increased to 2.4% from negative 1.4% in the year-earlier period.

Total revenue increased 99.8% year over year to 222.5 million rupees from 111.4 million rupees, and total operating expenses increased 88.1% on an annual basis to 215.0 million rupees from 114.3 million rupees.

Reported net income came to 8.7 million rupees, or 30 paise per share, compared to a loss of 8.8 million rupees, or a loss of 30 paise per share, in the prior-year period.

For the year, the company's normalized net income totaled 12 paise per share, a decrease of 83.9% from 73 paise per share in the prior year.

Normalized net income was 3.4 million rupees, a fall of 84.0% from 21.3 million rupees in the prior year.

Full-year total revenue grew 31.2% on an annual basis to 597.3 million rupees from 455.3 million rupees, and total operating expenses increased 41.5% on an annual basis to 595.6 million rupees from 420.8 million rupees.

The company said reported net income fell 81.0% year over year to 5.2 million rupees, or 18 paise per share, in the full year, from 27.4 million rupees, or 94 paise per share.

As of Aug. 5, US$1 was equivalent to 63.80 Indian rupees.