Gujarat Foils Ltd. announced unaudited earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of INR 1,744.527 million against INR 857.675 million a year ago. Total revenue was INR 1,748.588 million compared to INR 862.867 million a year ago. Loss from operations before finance costs and exceptional items was INR 511.048 million against profit of INR 37.967 million a year ago. Loss from ordinary activities before tax was INR 541.707 million against INR 43.950 million a year ago. Net loss for the period was INR 544.599 million or loss of INR 31.90 per basic and diluted before and after extraordinary items not annualized against INR 43.950 million or loss of INR 5.36 per basic and diluted before and after extraordinary items not annualized a year ago.