Raymond Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was 1.91 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of a loss of 83 paise per share.
EPS declined year over year from 1.99 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 117.4 million rupees, a decrease from 121.6 million rupees in the prior-year period.
The normalized profit margin declined to 0.8% from 1.0% in the year-earlier period.
Total revenue climbed 12.6% year over year to 14.00 billion rupees from 12.44 billion rupees, and total operating expenses climbed 17.2% year over year to 13.55 billion rupees from 11.56 billion rupees.
Reported net income rose on an annual basis to 214.7 million rupees, or 3.50 rupees per share, from 81.4 million rupees, or 1.33 rupees per share.
For the year, the company's normalized net income totaled 13.94 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 20.43 rupees.
EPS declined 7.0% from 15.00 rupees in the prior year.
Normalized net income was 855.9 million rupees, a decrease of 7.0% from 920.8 million rupees in the prior year.
Full-year total revenue increased 17.3% year over year to 53.33 billion rupees from 45.48 billion rupees, and total operating expenses grew 19.2% on an annual basis to 50.54 billion rupees from 42.38 billion rupees.
The company said reported net income increased on an annual basis to 1.13 billion rupees, or 18.38 rupees per share, in the full year, from 1.08 billion rupees, or 17.53 rupees per share.
As of May 15, US$1 was equivalent to 63.38 Indian rupees.
