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Saint-Gobain Sekurit India fiscal Q4 profit climbs 75.4% YOY

Saint-Gobain Sekurit India Ltd said its normalized net income for the fiscal fourth quarter ended March 31 came to 10 Indian paise per share, an increase from 5 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 8.6 million rupees, an increase of 75.4% from 4.9 million rupees in the year-earlier period.

The normalized profit margin increased to 2.5% from 1.8% in the year-earlier period.

Total revenue rose 24.2% on an annual basis to 344.2 million rupees from 277.0 million rupees, and total operating expenses grew 30.9% from the prior-year period to 325.4 million rupees from 248.6 million rupees.

Reported net income increased on an annual basis to 12.4 million rupees, or 14 paise per share, from 2.1 million rupees, or 2 paise per share.

For the year, the company's normalized net income totaled 53 paise per share, a gain from 7 paise per share in the prior year.

Normalized net income was 48.1 million rupees, an increase from 6.0 million rupees in the prior year.

Full-year total revenue rose 28.1% on an annual basis to 1.33 billion rupees from 1.04 billion rupees, and total operating expenses grew 23.0% on an annual basis to 1.25 billion rupees from 1.02 billion rupees.

The company said reported net income rose on an annual basis to 67.5 million rupees, or 74 paise per share, in the full year, from 4.1 million rupees, or 5 paise per share.

As of July 7, US$1 was equivalent to 63.55 Indian rupees.