Excel Castronics Limited reported audited standalone earnings results for the fourth quarter and full year ended March 31, 2016. For the quarter, the company reported net sales (net of excise duty) of INR 435.234 million, profit from operations before other income, finance costs, exceptional item and tax of INR 3.317 million, profit from ordinary activities before tax of INR 1.136 million, net profit for the period of INR 1.136 million or INR 0.03 per diluted share before and after extraordinary items compared to net sales (net of excise duty) of INR 93.323 million, profit from operations before other income, finance costs, exceptional item and tax of INR 2.843 million, profit from ordinary activities before tax of INR 2.826 million, net profit for the period of INR 2.826 million or INR 0.07 per diluted share before and after extraordinary items a year ago.

For the full year, the company reported net sales (net of excise duty) of INR 763.842 million, profit from operations before other income, finance costs, prior period expenses, exceptional item and tax of INR 14.397 million, profit from ordinary activities before tax of 11.284 million, net profit for the period of INR 7.773 million or INR 0.19 per diluted share before and after extraordinary items compared to net sales (net of excise duty) of INR 304.754 million, profit from operations before other income, finance costs, prior period expenses, exceptional item and tax of INR 7.144 million, profit from ordinary activities before tax of INR 7.127 million, net profit for the period of INR 5.756 million or INR 0.14 per diluted share before and after extraordinary items a year ago.

The company is expecting to achieve the turnover of INR 1,500 million in the financial year 2016-17.