Lakshmi Precision Screws announced audited standalone financial results for the fourth quarter and standalone and consolidated financial results for the year ended March 31, 2016. On standalone basis, for the quarter, the company reported net sales/income from operations (net of excise duty) of INR 625.297 million against INR 1,019.817 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 112.697 million against profit from operations before other income, finance costs and exceptional items of INR 49.415 million a year ago. Profit from ordinary activities before tax was INR 45.828 million against loss of INR 38.985 million a year ago. Net profit for the period was INR 20.828 million or INR 1.90 per basic and diluted share before and after extraordinary items against loss of INR 38.965 million or INR 3.56 per basic and diluted share before and after extraordinary items a year ago. For the year, the company reported net sales/income from operations (net of excise duty) of INR 3,092.778 million against INR 3,715.937 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 29.920 million against INR 362.641 million a year ago. Loss from ordinary activities before tax was INR 70.674 million against profit from ordinary activities before tax of INR 3.831 million a year ago. Net loss for the period was INR 95.674 million or INR 8.74 per basic and diluted share before and after extraordinary items against net profit for the period of INR 3.830 million or INR 0.35 per basic and diluted share before and after extraordinary items a year ago. On consolidated basis, for the year, the company reported net sales/income from operations (net of excise duty) of INR 3,739.589 million against INR 4,254.216 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 77.755 million against INR 407.731 million a year ago. Loss from ordinary activities before tax was INR 288.430 million against profit from ordinary activities before tax of INR 43.962 million a year ago. Net loss for the period was INR 328.143 million or INR 29.52 per basic and diluted share before and after extraordinary items against net profit for the period of INR 31.04 or INR 2.99 per basic and diluted share before and after extraordinary items a year ago.