Kitex Garments Ltd said its normalized net income for the fiscal fourth quarter ended March 31 came to 5.31 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 3.64 rupees per share.
EPS climbed 74.3% year over year from 3.05 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 353.5 million rupees, an increase of 74.4% from 202.7 million rupees in the year-earlier period.
The normalized profit margin increased to 19.6% from 12.6% in the year-earlier period.
Total revenue increased 11.9% on an annual basis to 1.80 billion rupees from 1.61 billion rupees, and total operating expenses decreased from the prior-year period to 1.17 billion rupees from 1.20 billion rupees.
Reported net income grew 97.5% from the prior-year period to 416.3 million rupees, or 6.26 rupees per share, from 210.8 million rupees, or 3.17 rupees per share.
For the year, the company's normalized net income totaled 13.38 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 13.10 rupees.
EPS rose 60.7% from 8.33 rupees in the prior year.
Normalized net income was 890.1 million rupees, a gain of 60.7% from 554.0 million rupees in the prior year.
Full-year total revenue rose 15.6% from the prior-year period to 5.11 billion rupees from 4.42 billion rupees, and total operating expenses rose year over year to 3.61 billion rupees from 3.54 billion rupees.
The company said reported net income rose 71.7% on an annual basis to 985.2 million rupees, or 14.81 rupees per share, in the full year, from 573.7 million rupees, or 8.63 rupees per share.
As of May 12, US$1 was equivalent to 64.32 Indian rupees.
