GG Automotive Gears Ltd. announced audited standalone earnings results for the fourth quarter and year ended March 31, 2014. For the quarter, the company reported net sales/income from operation of INR 93.25 million against INR 88.471 million a year ago. Loss from operations before other income, interest and exceptional items was INR 1.825 million against profit from operations before other income, interest and exceptional items of INR 8.419 million a year ago. Profit from ordinary activities before tax was INR 3.860 million against INR 5.756 million a year ago. Loss for the period was INR 4.530 million or INR 0.57 per diluted share against INR 4.018 million or INR 0.51 per diluted share a year ago.

For the year, the company reported net sales/income from operation of INR 300.941 million against INR 257.321 million a year ago. Profit from operations before other income, interest and exceptional items was INR 37.787 million against INR 16.045 million a year ago. Profit from ordinary activities before tax was INR 24.712 million against INR 9.283 million a year ago. Profit for the period was INR 18.974 million or INR 2.40 per diluted share against INR 6.113 million or INR 0.77 per diluted share a year ago.