Allahabad Bank reported audited standalone earnings results for the fourth quarter and full year ended March 31, 2018 and audited consolidated earnings results for the year ended March 31, 2018. For the quarter, on standalone basis, the company reported total income of INR 42,593.7 million against INR 51,050.7 million a year ago. Operating profit (profit before provisions and contingences) was INR 1,229.0 million against INR 10,656.6 million a year ago. Net loss from ordinary activities was INR 35,096.3 million against net profit from ordinary activities of INR 1,111.6 million a year ago. Net loss was INR 35,096.3 million or INR 43.10 per share against net profit of INR 1,111.6 million or INR 1.49 per share a year ago. Return on assets was negative of 5.77% against return on assets of 0.19% a year ago. For the year, on standalone basis, the company reported total income of INR 190,510.5 million against INR 203,047.2 million a year ago. Operating profit (profit before provisions and contingences) was INR 34,383.2 million against INR 38,667.7 million a year ago. Net loss from ordinary activities was INR 46,743.7 million against INR 3,135.1 million a year ago. Net loss for the period was INR 46,743.7 million or INR 59.63 per share against INR 3,135.1 million or INR 4.36 per share a year ago. Loss on assets was 1.96% against 0.13% a year ago. Total Business of the Bank increased by INR 200,660 million during the fiscal 2017-18 and stood at INR 3,800,400 million as against INR 3,599,740 million in March 2017. Bank posted a net loss in the fiscal 2017-18 due to higher Provisions on account of NCL T referred accounts and latest RBI guidelines regarding restructured accounts and aging NPAs. For the year, on consolidated basis, the company reported total income of INR 194,875.1 million against INR 205,789.4 million a year ago. Operating profit (profit before provisions and contingences) was INR 35,792.9 million against INR 39,088.2 million a year ago. Net loss from ordinary activities was INR 45,742.2 million against INR 2,790.0 million a year ago. Net loss for the period was INR 45,742.2 million or INR 58.35 per share against INR 2,790.0 million or INR 3.88 per share a year ago. Loss on assets was 1.88% against 0.12% a year ago.