STL Global Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was 39 Indian paise per share, compared with a loss of 1.78 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 10.7 million rupees, compared with a loss of 48.0 million rupees in the prior-year period.

The normalized profit margin rose to negative 3.2% from negative 26.1% in the year-earlier period.

Total revenue rose 48.7% on an annual basis to 273.5 million rupees from 183.9 million rupees, and total operating expenses grew from the prior-year period to 211.5 million rupees from 201.6 million rupees.

Reported net income totaled 18.0 million rupees, or 67 paise per share, compared to a loss of 82.5 million rupees, or a loss of 3.06 rupees per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 6.99 rupees per share, compared with a loss of 6.56 rupees per share in the prior year.

Normalized net income was a loss of 188.6 million rupees, compared with a loss of 176.9 million rupees in the prior year.

Full-year total revenue increased 9.9% from the prior-year period to 789.1 million rupees from 717.8 million rupees, and total operating expenses rose 10.3% year over year to 852.8 million rupees from 772.8 million rupees.

The company said reported net income totaled a loss of 300.8 million rupees, or a loss of 11.15 rupees per share, in the full year, compared with a loss of 288.8 million rupees, or a loss of 10.70 rupees per share, the prior year.

As of Aug. 10, US$1 was equivalent to 63.80 Indian rupees.