Bharati Shipyard Limited announced audited standalone earnings results for the fourth quarter and full year and consolidated earnings results for the full year ended March 31, 2014. For the quarter, on standalone basis, the company announced net sales or income from operations of INR 50.704 million compared to INR 909.600 million a year ago. Loss from operations before other income, finance costs and exceptional items were INR 561.813 million compared to INR 331.761 million a year ago. Loss from ordinary activities before tax was INR 4,348.642 million compared to INR 1,529.648 million a year ago. Net loss was INR 2,929.526 million or INR 58.24 per basic and diluted share after extraordinary items compared to INR 1,192.838 million or INR 36.11 per basic and diluted share after extraordinary items a year ago.

For the year, on standalone basis, the company announced net sales or income from operations of INR 1,785.647 million compared to INR 4,909.192 million a year ago. Loss from operations before other income, finance costs and exceptional items were INR 2,385.867 million compared to INR 1,005.212 million a year ago. Loss from ordinary activities before tax was INR 10,258.414 million compared to INR 5,397.553 million a year ago. Net loss was INR 8,427.343 million or INR 189.15 per basic and diluted share after extraordinary items compared to INR 4,922.734 million or INR 149.01 per basic and diluted share after extraordinary items a year ago.

For the year, on consolidated basis, the company announced net sales or income from operations of INR 4,614.691 million compared to INR 8,594.780 million a year ago. Loss from operations before other income, finance costs and exceptional items were INR 2,876.438 million compared to INR 981.788 million a year ago. Loss from ordinary activities before tax was INR 10,935.282 million compared to INR 5,409.317 million a year ago. Net loss was INR 9,109.716 million or INR 206.06 per basic and diluted share after extraordinary items compared to INR 4,913.816 million or INR 148.90 per basic and diluted share after extraordinary items a year ago.