Facor Steels Ltd. reported audited standalone earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter, net sales /income from operations was negative INR 3.348 million compared to net sales /income from operations of INR 323.622 million a year ago. Loss from operations before other income finance cost and exceptional items was INR 65.791 million compared to INR 49.458 million a year ago. Profit from ordinary activities before tax was INR 106.087 million against loss from ordinary activities before tax of INR 74.588 million a year ago. Net profit was INR 106.087 million or INR 0.51 per basic and diluted share before and after extraordinary items compared to net loss of INR 74.588 million or INR 0.36 per basic and diluted share before and after extraordinary items a year ago.

For the full year, net sales /income from operations was INR 292.712 million compared to INR 651.208 million a year ago. Loss from operations before other income finance cost and exceptional items was INR 239.461 million compared to INR 203.507 million a year ago. Loss from ordinary activities before tax was INR 125.107 million against INR 280.484 million a year ago. Net loss was INR 125.107 million or INR 0.61 per basic and diluted share before and after extraordinary items compared to net loss of INR 280.481 million or INR 1.63 per basic and diluted share before and after extraordinary items a year ago.