OCL Iron and Steel Ltd. reported audited standalone earnings results for the fourth quarter and full year and consolidated earnings results for the year ended March 31, 2017. For the quarter, on standalone basis, the company reported net sales/income from operations of INR 607.679 million against INR 783.993 million a year ago. Loss from operations before other income, finance cost and exceptional items were INR 292.704 million against INR 305.466 million a year ago. Loss from ordinary activities before tax was INR 729.531 million against INR 662.500 million a year ago. Net loss from ordinary activities after tax was INR 246.268 million against INR 384.700 million a year ago. Basic and diluted loss per share was INR 1.84 against INR 2.87 a year ago. For the year, on standalone basis, the company reported net sales/income from operations of INR 2,645.750 million against INR 3,481.062 million a year ago. Loss from operations before other income, finance cost and exceptional items were INR 1,573.168 million against profit of INR 840.539 million a year ago. Loss from ordinary activities before tax was INR 3,279.253 million against INR 2,638.107 million a year ago. Net loss from ordinary activities after tax was INR 2,090.041 million against INR 1,879.751 million a year ago. Basic and diluted loss per share was INR 15.58 against INR 14.01 a year ago. For the year, on consolidated basis, the company reported net sales/income from operations of INR 2,645.750 million against INR 3,563.252 million a year ago. Loss from operations before other income, finance cost and exceptional items were INR 1,751.009 million against INR 1,034.445 million a year ago. Loss from ordinary activities before tax was INR 3,714.850 million against INR 2,933.298 million a year ago. Net loss from ordinary activities after tax was INR 2,370.909 million against INR 2,117.725 million a year ago. Basic and diluted loss per share was INR 17.67 against INR 15.78 a year ago.