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KSE fiscal Q4 profit climbs YOY

KSE Ltd said its normalized net income for the fiscal fourth quarter ended March 31 came to 36.55 Indian rupees per share, an increase from 17.97 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 117.0 million rupees, a gain from 57.5 million rupees in the year-earlier period.

The normalized profit margin rose to 5.3% from 2.8% in the year-earlier period.

Total revenue climbed 6.7% year over year to 2.20 billion rupees from 2.07 billion rupees, and total operating expenses rose year over year to 2.02 billion rupees from 1.97 billion rupees.

Reported net income grew from the prior-year period to 120.0 million rupees, or 37.51 rupees per share, from 59.2 million rupees, or 18.49 rupees per share.

For the year, the company's normalized net income totaled 104.52 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 94.90 rupees.

EPS rose from 45.69 rupees in the prior year.

Normalized net income was 334.4 million rupees, a rise from 146.2 million rupees in the prior year.

Full-year total revenue grew 11.6% from the prior-year period to 9.00 billion rupees from 8.06 billion rupees, and total operating expenses increased 8.3% year over year to 8.45 billion rupees from 7.81 billion rupees.

The company said reported net income grew year over year to 436.3 million rupees, or 136.36 rupees per share, in the full year, from 153.7 million rupees, or 48.04 rupees per share.

As of July 27, US$1 was equivalent to 64.19 Indian rupees.