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Jullundur Motor Agency fiscal Q4 profit climbs 41.0% YOY

Jullundur Motor Agency (Delhi) Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 8.74 Indian rupees per share, a gain of 41.1% from 6.19 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 52.1 million rupees, a gain of 41.0% from 36.9 million rupees in the prior-year period.

The normalized profit margin increased to 3.8% from 2.7% in the year-earlier period.

Total revenue totaled 1.36 billion rupees, compared with 1.35 billion rupees in the year-earlier period, and total operating expenses came to 1.29 billion rupees, compared with 1.29 billion rupees in the prior-year period.

Reported net income declined from the prior-year period to 55.1 million rupees, or 9.25 rupees per share, from 56.1 million rupees, or 9.40 rupees per share.

For the year, the company's normalized net income totaled 21.09 rupees per share, a fall from 21.59 rupees per share in the prior year.

Normalized net income was 125.8 million rupees, a decline from 128.7 million rupees in the prior year.

Full-year total revenue rose from the prior-year period to 4.15 billion rupees from 4.09 billion rupees, and total operating expenses grew year over year to 3.99 billion rupees from 3.91 billion rupees.

The company said reported net income fell 13.5% on an annual basis to 133.7 million rupees, or 22.42 rupees per share, in the full year, from 154.5 million rupees, or 25.91 rupees per share.

As of Aug. 24, US$1 was equivalent to 67.13 Indian rupees.