Whirlpool of India Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was 3.57 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 3.17 rupees per share.

EPS climbed 44.6% year over year from 2.47 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 452.9 million rupees, an increase of 44.4% from 313.7 million rupees in the year-earlier period.

The normalized profit margin increased to 5.2% from 4.2% in the year-earlier period.

Total revenue climbed 17.4% year over year to 8.75 billion rupees from 7.45 billion rupees, and total operating expenses grew 16.6% year over year to 8.02 billion rupees from 6.88 billion rupees.

Reported net income grew 55.5% year over year to 552.5 million rupees, or 4.36 rupees per share, from 355.4 million rupees, or 2.80 rupees per share.

For the year, the company's normalized net income totaled 14.81 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 15.72 rupees.

EPS rose 72.9% from 8.56 rupees in the prior year.

Normalized net income was 1.88 billion rupees, a rise of 72.9% from 1.09 billion rupees in the prior year.

Full-year total revenue increased 16.2% year over year to 32.94 billion rupees from 28.35 billion rupees, and total operating expenses increased 13.0% year over year to 30.20 billion rupees from 26.72 billion rupees.

The company said reported net income rose 71.3% year over year to 2.11 billion rupees, or 16.59 rupees per share, in the full year, from 1.23 billion rupees, or 9.69 rupees per share.

As of July 14, US$1 was equivalent to 63.34 Indian rupees.