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Minda posts fiscal Q4 profit

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Minda posts fiscal Q4 profit

Minda Corp. Ltd said its normalized net income for the fiscal fourth quarter ended March 31 came to 233.7 million rupees.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue totaled 4.92 billion rupees, and total operating expenses totaled 4.70 billion rupees.

Reported net income came to 264.1 million rupees, or 1.26 rupees per share.

For the year, the company's normalized net income totaled 3.49 rupees per share, an increase of 28.9% from 2.71 rupees per share in the prior year.

Normalized net income was 731.1 million rupees, an increase of 28.9% from 567.0 million rupees in the prior year.

Full-year total revenue grew 25.4% from the prior-year period to 19.84 billion rupees from 15.82 billion rupees, and total operating expenses rose 25.0% year over year to 18.35 billion rupees from 14.67 billion rupees.

The company said reported net income increased 5.7% year over year to 894.2 million rupees, or 4.27 rupees per share, in the full year, from 845.9 million rupees, or 4.04 rupees per share.

As of Aug. 14, US$1 was equivalent to 65.08 Indian rupees.