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Siyaram Silk Mills fiscal Q4 profit climbs YOY


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Siyaram Silk Mills fiscal Q4 profit climbs YOY

Siyaram Silk Mills Ltd said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 6.07 Indian rupees per share, a gain from 5.86 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 284.7 million rupees, a gain from 275.4 million rupees in the year-earlier period.

The normalized profit margin fell to 5.6% from 5.7% in the year-earlier period.

Total revenue climbed year over year to 5.07 billion rupees from 4.86 billion rupees, and total operating expenses climbed on an annual basis to 4.52 billion rupees from 4.33 billion rupees.

Reported net income fell 7.5% on an annual basis to 296.5 million rupees, or 6.33 rupees per share, from 320.7 million rupees, or 6.82 rupees per share.

For the year, the company's normalized net income totaled 17.70 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 18.37 rupees.

EPS rose 12.9% from 15.68 rupees in the prior year.

Normalized net income was 829.7 million rupees, a gain of 12.9% from 735.1 million rupees in the prior year.

Full-year total revenue rose 7.4% year over year to 16.22 billion rupees from 15.10 billion rupees, and total operating expenses grew 7.1% year over year to 14.70 billion rupees from 13.73 billion rupees.

The company said reported net income grew 8.2% year over year to 851.7 million rupees, or 18.17 rupees per share, in the full year, from 787.2 million rupees, or 16.79 rupees per share.

As of May 20, US$1 was equivalent to 67.47 Indian rupees.