Asahi Industries Limited announced audited standalone earnings results for the fourth quarter and year ended March 31, 2016. For the quarter, the company reported net sales of INR 799.326 million compared with INR 2,509.384 million a year ago. Profit from operation before other income, finance cost and exceptional items was INR 7.296 million compared with loss of INR 20.574 million a year ago. Loss from ordinary activities before tax was INR 15.926 million compared with INR 21.604 million a year ago. Net loss was INR 15.926 million or INR 0.24 per basic and diluted share compared with INR 21.604 million or INR 0.33 loss per basic and diluted share a year ago. For the full year, the company reported net sales of INR 2,785.209 million compared with INR 5,287.875 million a year ago. Profit from operation before other income, finance cost and exceptional items was INR 39.105 million compared with loss of INR 1.661 million a year ago. Profit from ordinary activities before tax was INR 6.345 million compared with INR 1.933 million a year ago. Net profit was INR 6.345 million or INR 0.10 loss per basic and diluted share compared with INR 1.933 million or INR 0.20 loss per basic and diluted share a year ago.