jagadguruvara kshitau kshapitakalmaShaughAm kalAm
	chaturthapuruShArthadAmapi kalau vitatya tvayi |
kR^itavataraNe puna: kR^itayugakrama: shobhate
	na kopi bhuvi dR^iShyate narakavartamagAmI nara: ||

Meaning:

jagadguruvara 			- O! Lokacharya.
tvayi kR^itavataraNe 		- After you were born
kshitau 			- in this world
kalau 				- in the Kali yuga
vitatya 			- and spread in a special way
kalAm 				- the knowledge of the Sastras
kshapita kalmaSha oghAm 	- which removes the collections of sins
chaturtha puruShArthadAm api 	- and gives moksha which is the fourth purushartha,
kR^ita yuga krama: 		- the way of the Kruta yuga
puna: 				- was again
shobate 			- established.
bhuvi 				- In this world
kopi nara: 			- a man
narakavartama gAmI 		- going in the path to Naraka
na dR^iShyate 			- is not seen (any more).

Vyakhyana Saram:
Desikan is saying that after the birth of Pillai Lokacharyar in this world, he provided the inner knowledge of the sastras - that is, the meanings of Rahasya Trayam, Tattva Trayam and Artha Panchakam to everyone through his divine granthas and because of this, everyone is now reaching His divine abode and no one is going to Naraka. Therefore, even though this is the Kali yuga, it appears as if Kruta yuga has returned.

Nammazhvar said: "kaliyum kedum kaNdu koNmin .. naliyum naragamum naindha namanukku ingku yAdhonRum illai" (Thiruvaymozhi 5-2-1). This was Azhvar foreseeing the arrival of Ramanuja (Bhavishyadacharya) and the fact that Kali yuga would lose its power due to that. Desikan is stating that after the arrival of Pillai Lokacharyar, Kali yuga was once again foiled.

Azhvar also said "thiriyum kali yugam nIngkith dhEvargaL thAmum pugundhu periya kidha yugam paRRip pErinba veLLam peruga" (Thiruvaymozhi 5-2-3). Desikan is saying the same about Pillai Lokacharyar - that after his presence in this world, it appears that Kali yuga has been replaced by Kruta yuga.