Thomas Cook (India) Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to 12 Indian paise per share, a decrease of 76.1% from 51 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 30.6 million rupees, a decrease of 79.1% from 146.5 million rupees in the year-earlier period.

The normalized profit margin dropped to 0.4% from 2.0% in the year-earlier period.

Total revenue rose 16.4% on an annual basis to 8.65 billion rupees from 7.43 billion rupees, and total operating expenses climbed 20.4% year over year to 8.48 billion rupees from 7.04 billion rupees.

Reported net income came to a loss of 10.1 million rupees, or a loss of 4 paise per share, compared to income of 181.7 million rupees, or 63 paise per share, in the prior-year period.

For the year, the company's normalized net income totaled 3.19 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 4.57 rupees.

EPS rose 13.7% from 2.80 rupees in the prior year.

Normalized net income was 806.6 million rupees, a decline from 816.2 million rupees in the prior year.

Full-year total revenue rose 15.7% from the prior-year period to 27.65 billion rupees from 23.90 billion rupees, and total operating expenses grew 17.7% year over year to 25.85 billion rupees from 21.96 billion rupees.

The company said reported net income fell 5.7% on an annual basis to 859.5 million rupees, or 3.39 rupees per share, in the full year, from 911.6 million rupees, or 3.13 rupees per share.

As of May 29, US$1 was equivalent to 63.76 Indian rupees.