GOL Offshore Limited reported audited standalone earnings results for the fourth quarter and standalone and consolidated earnings results for the year ended March 31, 2015. For the quarter on standalone basis, income from operation was INR 3,014.0 million against INR 2,584.9 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 395.3 million against INR 396.4 million a year ago. Loss from ordinary activities before tax was INR 95.9 million against profit from ordinary activities before tax of INR 31.2 million a year ago. Net profit was INR 29.7 million or INR 0.80 per basic and diluted share against INR 129.6 million or INR 3.48 per basic and diluted share a year ago.

For the year on standalone basis, income from operation was INR 10,483.8 million against INR 9,506.2 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 1,841.7 million against INR 3,021.5 million a year ago. Loss from ordinary activities before tax was INR 164.7 million against profit from ordinary activities before tax of INR 1,574.1 million a year ago. Net loss was INR 127.9 million or INR 3.43 per basic and diluted share against net profit of INR 1,216.9 million or INR 32.68 per basic and diluted share a year ago.

For the year on consolidated basis, income from operation was INR 12,493.1 million against INR 11,249.0 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 2,228.5 million against INR 2,173.4 million a year ago. Loss from ordinary activities before tax was INR 1,597.6 million against INR 289.1 million a year ago. Net loss was INR 1,776.6 million or INR 47.71 per basic and diluted share against INR 676.3 million or INR 18.16 per basic and diluted share a year ago.