Shree Ganesh Forgings Ltd. reported unaudited earnings results for the fourth quarter and audited standalone and consolidated earnings results for the full year ended March 31, 2014. For the quarter, the company reported net sales/income from operations of INR 2.188 million against INR 4.092 for the same period a year ago. Loss from operations before other income, interest and exceptional items was INR 17.93 million against INR 184.413 million for the same period a year ago. Loss before tax was INR 4.358 million against INR 184.413 million a year ago. Net profit for the period was INR 3.423 million against net loss for the period of INR 184.413 million for the same period a year ago. Net loss per basic and diluted share before and after extraordinary items was INR 6.56 against INR 4.51 per basic and diluted share before and after extraordinary items a year ago.

For the full year, on standalone basis, the company reported net sales/income from operations of INR 3.256 million against INR 21.456 million for the same period a year ago. Loss from operations before other income, interest and exceptional items was INR 32.676 million against INR 209.24 million for the same period a year ago. Loss before tax was INR 19.142 million against INR 210.25 million a year ago. Net loss for the period was INR 11.361 million or INR 7.95 per basic and diluted share before and after extraordinary items against INR 202.326 million or INR 8.09 per basic and diluted share before and after extraordinary items for the same period a year ago.

For the full year, on consolidated basis, the company reported net sales/income from operations of INR 3.256 million. Loss from operations before other income, interest and exceptional items was INR 32.676 million. Loss before tax was INR 19.142 million. Net loss for the period was INR 11.361 million or INR 7.95 per basic and diluted share before and after extraordinary items.