Surana Industries Limited announced audited consolidated financial results for the full year, standalone financial results for the fourth quarter and full year ended March 31, 2014. For the quarter, the company reported loss from operations before other income, interest & exceptional items of INR 460 million against profit of INR 288 million for the same period of last year. Loss from ordinary activities before tax was INR 984 million against profit of INR 8.4 million for the same period of last year. Net profit for the period was INR 644 million or INR 14.47 per basic and diluted share against INR 76 million or INR 1.7 per basic and diluted share for the same period of last year. Net sales/income from operations were INR 1,245 million against INR 4,045 million for the same period of last year.

For the year, the company reported loss from operations before other income, interest & exceptional items of INR 888 million against profit of INR 1,360 million for the same period of last year. Loss from ordinary activities before tax was INR 2,339 million against profit of INR 275 million for the same period of last year. Net profit for the period was INR 1,522 million or INR 34.18 per basic and diluted share against profit of INR 102 million or INR 2.3 per basic and diluted share for the same period of last year. Net sales/income from operations were INR 5,552 million against INR 14,250 million for the same period of last year.

For the year, the group reported loss from operations before other income, interest & exceptional items of INR 943.5 million against profit of INR 1,619 million for the same period of last year. Loss from ordinary activities before tax was INR 2,666 million against profit of INR 263 million for the same period of last year. Net profit for the period was INR 1,692 million or INR 38.01 per basic and diluted share against profit of INR 25 million or INR 0.23 per basic and diluted share for the same period of last year. Net sales/income from operations were INR 6,311 million against INR 14,935 million for the same period of last year.