Eicher Motors Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 148.61 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 161.35 rupees per share.

EPS climbed 36.5% year over year from 108.86 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 4.05 billion rupees, a gain of 36.6% from 2.97 billion rupees in the prior-year period.

The normalized profit margin was 21.5%.

Total revenue came to 18.88 billion rupees, compared with -745.2 million rupees in the year-earlier period, and total operating expenses came to 13.34 billion rupees, compared with 4.28 billion rupees in the prior-year period.

Reported net income increased 34.2% year over year to 4.59 billion rupees, or 168.40 rupees per share, from 3.42 billion rupees, or 125.56 rupees per share.

For the year, the company's normalized net income totaled 547.33 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 618.57 rupees.

EPS rose from 364.94 rupees in the prior year.

Normalized net income was 14.92 billion rupees, a rise from 9.94 billion rupees in the prior year.

Full-year total revenue rose on an annual basis to 70.33 billion rupees from 36.05 billion rupees, and total operating expenses rose 113.8% year over year to 50.01 billion rupees from 23.39 billion rupees.

The company said reported net income increased on an annual basis to 16.67 billion rupees, or 611.44 rupees per share, in the full year, from 11.43 billion rupees, or 419.59 rupees per share.

As of July 14, US$1 was equivalent to 64.29 Indian rupees.