Bombay Cycle & Motor Agency Ltd said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 15.52 Indian rupees per share, an increase of 37.1% from 11.32 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 3.1 million rupees, a gain of 42.5% from 2.2 million rupees in the year-earlier period.

The normalized profit margin increased to 17.0% from 14.0% in the year-earlier period.

Total revenue climbed 14.7% year over year to 18.0 million rupees from 15.7 million rupees, and total operating expenses rose 18.2% year over year to 13.4 million rupees from 11.4 million rupees.

Reported net income increased 89.0% from the prior-year period to 5.0 million rupees, or 24.57 rupees per share, from 2.6 million rupees, or 13.52 rupees per share.

For the year, the company's normalized net income totaled 70.66 rupees per share, a gain of 14.1% from 61.93 rupees per share in the prior year.

Normalized net income was 14.1 million rupees, an increase of 14.1% from 12.4 million rupees in the prior year.

Full-year total revenue increased 5.3% on an annual basis to 68.1 million rupees from 64.7 million rupees, and total operating expenses increased on an annual basis to 53.8 million rupees from 51.7 million rupees.

The company said reported net income grew 19.5% on an annual basis to 16.8 million rupees, or 83.80 rupees per share, in the full year, from 14.0 million rupees, or 70.13 rupees per share.

As of July 13, US$1 was equivalent to 63.51 Indian rupees.