Facor Steels Ltd. announced audited earnings results for fourth quarter and full year ended Mar. 31, 2014. For the quarter, the company reported net sales/income from operations of INR 323.622 million, total income from operations of INR 328.496 million, loss from operations before other income, finance costs and exceptional items of INR 49.458 million, loss from ordinary activities before tax of INR 74.588 million, net loss of INR 74.588 million or INR 0.36 per basic and diluted share after extraordinary items compared to the net sales/income from operations of INR 236.821 million, total income from operations of INR 240.761 million, loss from operations before other income, finance costs and exceptional items of INR 71.084 million, loss from ordinary activities before tax of INR 96.689 million, net loss of INR 85.049 million or INR 0.41 per basic and diluted share after extraordinary items for the same quarter a year ago.

For the year, the company reported net sales/income from operations of INR 651.208 million, total income from operations of INR 659.261 million, loss from operations before other income, finance costs and exceptional items of INR 203.507 million, loss from ordinary activities before tax of INR 280.481 million, net loss of INR 280.481 million or INR 1.36 per basic and diluted share after extraordinary items compared to the net sales/income from operations of INR 2,460.596 million, total income from operations of INR 2,482.584 million, loss from operations before other income, finance costs and exceptional items of INR 201.606 million, loss from ordinary activities before tax of INR 296.646 million, net loss of INR 250.086 million or INR 1.21 per basic and diluted share after extraordinary items for the previous year.