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KPR Mill fiscal Q4 profit falls YOY

K.P.R. Mill Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 4.44 Indian rupees per share, a decrease of 19.1% from 5.49 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 343.4 million rupees, a decrease of 18.9% from 423.6 million rupees in the prior-year period.

The normalized profit margin dropped to 5.1% from 6.3% in the year-earlier period.

Total revenue totaled 6.77 billion rupees, compared with 6.72 billion rupees in the prior-year period, and total operating expenses totaled 5.85 billion rupees, compared with 5.81 billion rupees in the prior-year period.

Reported net income decreased 7.2% year over year to 488.3 million rupees, or 6.32 rupees per share, from 526.3 million rupees, or 6.82 rupees per share.

For the year, the company's normalized net income totaled 18.55 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 26.10 rupees.

EPS rose 16.3% from 15.95 rupees in the prior year.

Normalized net income was 1.40 billion rupees, an increase of 16.3% from 1.20 billion rupees in the prior year.

Full-year total revenue grew 8.2% on an annual basis to 25.66 billion rupees from 23.71 billion rupees, and total operating expenses grew 8.8% on an annual basis to 22.60 billion rupees from 20.78 billion rupees.

The company said reported net income increased 22.7% year over year to 1.72 billion rupees, or 22.86 rupees per share, in the full year, from 1.40 billion rupees, or 18.64 rupees per share.

As of July 27, US$1 was equivalent to 64.19 Indian rupees.