Malwa Cotton Spinning Mills Ltd. reported audited standalone earnings results for the fourth quarter and year ended March 31, 2014. For the quarter, the company reported net sales/income from operations of INR 415.7 million compared to INR 919.1 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 128.4 million compared to INR 458.6 million a year ago. Loss from ordinary activities before tax was INR 122.4 million compared to INR 514.0 million a year ago. Net loss for the period was INR 122.4 million compared to INR 514.0 million a year ago. Diluted loss per share before and after extraordinary items was INR 10.70 compared to INR 23.45 a year ago.

For the year, the company reported net sales/income from operations of INR 1,883.8 million compared to INR 3,132.3 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 488.4 million compared to INR 1,307.2 million a year ago. Loss from ordinary activities before tax was INR 486.6 million compared to INR 1,617.2 million a year ago. Net loss for the period was INR 486.6 million compared to INR 1,617.2 million a year ago. Diluted earnings per share before and after extraordinary items was INR 42.59 compared to INR 65.12 a year ago.