Century Enka Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to 50 Indian paise per share, a decrease of 83.8% from 3.09 rupees per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 10.9 million rupees, a decrease of 83.9% from 67.5 million rupees in the prior-year period.
The normalized profit margin fell to 0.3% from 2.1% in the year-earlier period.
Total revenue decreased on an annual basis to 3.13 billion rupees from 3.28 billion rupees, and total operating expenses declined on an annual basis to 3.01 billion rupees from 3.06 billion rupees.
Reported net income declined 87.7% from the prior-year period to 14.1 million rupees, or 65 paise per share, from 114.4 million rupees, or 5.24 rupees per share.
For the year, the company's normalized net income totaled 17.01 rupees per share, a decrease of 34.7% from 26.04 rupees per share in the prior year.
Normalized net income was 371.7 million rupees, a decline of 34.7% from 569.1 million rupees in the prior year.
Full-year total revenue declined 16.9% on an annual basis to 12.19 billion rupees from 14.67 billion rupees, and total operating expenses declined 15.8% on an annual basis to 11.41 billion rupees from 13.55 billion rupees.
The company said reported net income fell 41.9% on an annual basis to 365.7 million rupees, or 16.74 rupees per share, in the full year, from 629.3 million rupees, or 28.80 rupees per share.
As of June 17, US$1 was equivalent to 64.15 Indian rupees.
