Lakshmi Precision Screws announced audited standalone financial results for the fourth quarter and standalone and consolidated financial results for the year ended March 31, 2015. On standalone basis, for the quarter, the company reported net sales/income from operations (net of excise duty) of INR 1,019.817 million against INR 950.133 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 49.413 million against loss from operations before other income, finance costs and exceptional items of INR 235.244 million a year ago. Loss from ordinary activities before tax was INR 38.985 million against INR 312.576 million a year ago. Net loss for the period was INR 38.965 million or INR 3.56 per basic and diluted share against INR 309.888 million or INR 28.30 per basic and diluted share a year ago.

For the year, the company reported net sales/income from operations (net of excise duty) of INR 3,715.937 million against INR 3,489.443 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 362.641 million against INR 78.042 million a year ago. Profit from ordinary activities before tax was INR 3.831 million against loss from ordinary activities before tax of INR 285.033 million a year ago. Net profit for the period was INR 3.831 million or INR 0.35 per basic and diluted share against net loss for the period of INR 286.208 million or INR 28.16 per basic and diluted share a year ago.

On consolidated basis, for the year, the company reported net sales/income from operations (net of excise duty) of INR 4,254.28 million against INR 3,943.664 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 407.732 million against INR 97.751 million a year ago. Profit from ordinary activities before tax was INR 43.962 million against loss from ordinary activities before tax of INR 270.886 million a year ago. Net profit for the period was INR 31.04 million or INR 2.99 per basic and diluted share against net loss for the period of INR 277.599 or INR 25.16 per basic and diluted share a year ago.