Sanrhea Technical Textiles Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 36 Indian paise per share, a decrease of 37.2% from 58 paise per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.1 million rupees, a decline of 37.7% from 1.7 million rupees in the prior-year period.
The normalized profit margin declined to 1.2% from 2.5% in the year-earlier period.
Total revenue increased 32.5% on an annual basis to 92.5 million rupees from 69.8 million rupees, and total operating expenses grew 33.0% year over year to 86.4 million rupees from 65.0 million rupees.
Reported net income decreased 36.1% from the prior-year period to 1.7 million rupees, or 56 paise per share, from 2.6 million rupees, or 87 paise per share.
For the year, the company's normalized net income totaled 67 paise per share, compared with a loss of 1.14 rupees per share in the prior year.
Normalized net income was 2.0 million rupees, compared with a loss of 3.4 million rupees in the prior year.
Full-year total revenue increased 18.5% on an annual basis to 326.8 million rupees from 275.7 million rupees, and total operating expenses grew 14.6% on an annual basis to 310.4 million rupees from 270.9 million rupees.
The company said reported net income came to 2.9 million rupees, or 96 paise per share, in the full year, compared with a loss of 5.6 million rupees, or a loss of 1.88 rupees per share, the prior year.
As of June 19, US$1 was equivalent to 63.47 Indian rupees.
