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Lambodhara Textiles fiscal Q4 profit climbs YOY

Lambodhara Textiles Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 63 Indian paise per share, a gain from 28 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 5.7 million rupees, a gain from 2.4 million rupees in the year-earlier period.

The normalized profit margin climbed to 1.8% from 0.8% in the year-earlier period.

Total revenue increased on an annual basis to 312.6 million rupees from 301.2 million rupees, and total operating expenses rose on an annual basis to 287.4 million rupees from 275.5 million rupees.

Reported net income increased year over year to 10.2 million rupees, or 1.13 rupees per share, from 2.5 million rupees, or 29 paise per share.

For the year, the company's normalized net income totaled 4.19 rupees per share, an increase of 44.0% from 2.91 rupees per share in the prior year.

Normalized net income was 37.9 million rupees, a rise of 48.8% from 25.5 million rupees in the prior year.

Full-year total revenue grew 18.9% year over year to 1.33 billion rupees from 1.12 billion rupees, and total operating expenses grew 19.3% year over year to 1.21 billion rupees from 1.01 billion rupees.

The company said reported net income increased 45.5% year over year to 51.5 million rupees, or 5.69 rupees per share, in the full year, from 35.4 million rupees, or 4.04 rupees per share.

As of July 20, US$1 was equivalent to 63.64 Indian rupees.