Gujarat Foils Ltd. announced audited standalone earnings results for the fourth quarter and full year ended March 31, 2016. For the quarter, the company reported net sales of INR 1,115.72 million against INR 1,437.749 million a year ago. Profit from ordinary activities before other income, finance costs and exceptional items was INR 77.646 million against INR 127.361 million a year ago. Loss from ordinary activities before tax was INR 54.997 million against profit from ordinary activities before tax of INR 32.298 million a year ago. Net loss for the period was INR 34.561 million or INR 4.21 basic and diluted per share before and after extraordinary items against net profit for the period of INR 23.805 million or INR 2.90 basic and diluted per share before and after extraordinary items a year ago.

For the year, the company reported net sales of INR 4,510.62 million against INR 4,510.62 million a year ago. Profit from ordinary activities before other income, finance costs and exceptional items was INR 346.083 million against INR 484.608 million a year ago. Profit from ordinary activities before tax was INR 10.28 million against INR 142.231 million a year ago. Net loss for the period was INR 15.576 million or INR 1.90 basic and diluted per share before and after extraordinary items against net profit for the period of INR 67.189 million or INR 8.19 basic and diluted per share before and after extraordinary items a year ago.