Gujarat Foils Ltd. announced unaudited standalone earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales of INR 857.675 million against INR 1,366.150 million a year ago. Profit from ordinary activities before other income, finance costs and exceptional items was INR 37.967 million against INR 105.606 million a year ago. Loss from ordinary activities before tax was INR 43.950 million against profit from ordinary activities before tax of INR 27.998 million a year ago. Net loss for the period was INR 43,950 million or INR 5.36 basic and diluted per share before and after extraordinary items against net profit for the period of INR 18.308 million or INR 2.23 basic and diluted per share before and after extraordinary items a year ago.