Vardhman Special Steels Limited reported unaudited standalone earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company reported total income from operations (net) of INR 1,668.8 million compared to INR 1,502.5 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 23.7 million compared to INR 47.9 million a year ago. Loss from ordinary activates before tax was INR 91.9 million compared to INR 127.1 million a year ago. Net loss was INR 91.9 million or INR 4.95 per basic and diluted share before and after extraordinary items (not annualized) compared to INR 103.6 million or INR 5.58 per basic and diluted share before and after extraordinary items (not annualized) a year ago.

For the six months period, the company reported total income from operations (net) of INR 3,122.4 million compared to INR 2,753.4 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 10.1 million compared to INR 56.5 million a year ago. Loss from ordinary activates before tax was INR 118.6 million compared to INR 136.1 million a year ago. Net loss was INR 118.6 million or INR 6.39 per basic and diluted share before and after extraordinary items (not annualized) compared to INR 109.6 million or INR 5.91 per basic and diluted share before and after extraordinary items (not annualized) a year ago.