Facor Steels Ltd. reported unaudited standalone earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company reported net sales/income from operations of INR 87.8 million against INR 52.400 million for the same period last year. Loss from operations before other income, financial cost & exceptional items was INR 45.95 million against INR 64.49 million for the same period last year. Loss from ordinary activities before tax was INR 67.76 million against INR 77.275 million for the same period last year. Net loss for the period was INR 67.75 million or INR 0.33 per basic and diluted against INR 77.275 million or INR 0.37 per basic and diluted for the same period last year.

For the period, the company reported net sales//income from operations of INR 294.4 million against INR 72.300 million for the same period last year. Loss from operations before other income, financial cost & exceptional items was INR 129.17 million against INR 114.61 million for the same period last year. Loss from ordinary activities before tax was INR 170.396 million against INR 145.413 million for the same period last year. Net loss for the period was INR 170.396 million or INR 0.83 diluted per share against INR 145.413 million or INR 0.70 diluted per share for the same period last year.