IntraSoft Technologies Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to a loss of 82 Indian paise per share, compared with the S&P Capital IQ consensus estimate of 2.33 rupees per share.
The per-share loss narrowed 68.2% year over year from 2.57 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 10.9 million rupees, compared with a loss of 37.9 million rupees in the year-earlier period.
The normalized profit margin increased to negative 1.1% from negative 8.0% in the year-earlier period.
Total revenue grew on an annual basis to 1.01 billion rupees from 470.7 million rupees, and total operating expenses grew year over year to 1.01 billion rupees from 485.8 million rupees.
Reported net income decreased 94.6% on an annual basis to 532,250 rupees, or 4 paise per share, from 9.9 million rupees, or 67 paise per share.
For the year, the company's normalized net income totaled 2.09 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 6.34 rupees.
EPS was a loss of 1.65 rupees in the prior year.
Normalized net income was 30.8 million rupees, compared with a loss of 24.3 million rupees in the prior year.
Full-year total revenue grew year over year to 3.43 billion rupees from 1.48 billion rupees, and total operating expenses grew 123.9% year over year to 3.39 billion rupees from 1.51 billion rupees.
The company said reported net income increased year over year to 59.6 million rupees, or 4.05 rupees per share, in the full year, from 20.6 million rupees, or 1.40 rupees per share.
As of Aug. 14, US$1 was equivalent to 65.08 Indian rupees.