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Dhampur Sugar Mills fiscal Q4 profit climbs YOY

Dhampur Sugar Mills Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 9.16 Indian rupees per share, a gain from 4.48 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 550.2 million rupees, a gain from 264.5 million rupees in the year-earlier period.

The normalized profit margin climbed to 10.1% from 5.7% in the year-earlier period.

Total revenue rose 17.7% on an annual basis to 5.46 billion rupees from 4.64 billion rupees, and total operating expenses climbed 6.1% on an annual basis to 4.10 billion rupees from 3.86 billion rupees.

Reported net income grew 50.0% from the prior-year period to 1.10 billion rupees, or 18.34 rupees per share, from 734.4 million rupees, or 12.44 rupees per share.

For the year, the company's normalized net income totaled 22 paise per share, compared with a loss of 5.72 rupees per share in the prior year.

Normalized net income was 13.0 million rupees, compared with a loss of 335.9 million rupees in the prior year.

Full-year total revenue grew 24.8% from the prior-year period to 22.34 billion rupees from 17.90 billion rupees, and total operating expenses increased 22.0% year over year to 20.74 billion rupees from 17.00 billion rupees.

The company said reported net income came to 242.5 million rupees, or 4.10 rupees per share, in the full year, compared with a loss of 146.8 million rupees, or a loss of 2.54 rupees per share, the prior year.

As of June 15, US$1 was equivalent to 67.09 Indian rupees.