Surana Industries Ltd. reported audited standalone earnings results for the fourth quarter and full year and ended March 31, 2013. For the quarter, the company reported audited standalone net income from operations of INR 4,044.737 million compared to INR 4,273.559 million a year ago. Profit from operations before other income finance costs and exceptional items was INR 287.699 million compared to INR 123.980 million a year ago. Loss from ordinary activities before tax was INR 8.387 million compared to INR 0.265 million a year ago. Net loss for the period was INR 75.860 million compared to net profit of INR 32.884 million a year ago. Diluted loss per share was INR 1.70 compared to diluted earnings per share of INR 2.30 a year ago.

For the year, the company reported audited standalone net income from operations of INR 14,250.087 million compared to INR 13,514.246 million a year ago. Profit from operations before other income finance costs and exceptional items was INR 1,359.119 million compared to INR 1,356.775 million a year ago. Profit from ordinary activities before tax was INR 275.081 million compared to INR 447.352 million a year ago. Net profit for the period was INR 102.489 million compared to INR 327.658 million a year ago. Diluted earnings per share were INR 2.30 compared to INR 9.37 a year ago.

The company announced that the Board of Directors of the company at its meeting held on May 29, 2013 have recommended dividend of INR 0.70 per share of INR 10 each to the shareholders for the year ended March 31, 2013, subject to the approval of the shareholders at the annual general meeting. The dividend will be paid on and from August 02, 2013.