Vardhman Special Steels Limited announced audited standalone earnings results for the fourth quarter and year ended March 31, 2015. For the quarter, the company's net sales/income from operations was INR 1,744.4 million compared with INR 1,339.8 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 60.2 million compared with INR 12.6 million a year ago. Profit from ordinary activities before tax was INR 6.9 million compared with INR 22.1 million a year ago. Net profit was INR 6.8 million or INR 0.50 per basic and diluted share compared with INR 31.4 million or INR 1.69 per basic and diluted share a year ago.

For the year, the company's net sales/income from operations was INR 6,616.0 million compared with INR 3,706.0 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 35.8 million compared with loss of INR 53.3 million a year ago. Loss from ordinary activities before tax was INR 151.2 million compared with INR 131.7 million a year ago. Net loss was INR 151.3 million or INR 8.15 per basic and diluted share compared with INR 94.2 million or INR 5.07 per basic and diluted share a year ago.