Net 4 India Limited announced unaudited standalone and consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, the standalone company reported income from operations of INR 71.886 million compared with INR 389.098 million for the same period a year ago. Loss from operations before other income and interest was INR 170.875 million compared with INR 73.225 million for the same period a year ago. Loss before tax was INR 159.764 million compared with loss before tax of INR 96.769 million for the same period a year ago. Net loss was INR 115.904 million or INR 5.78 per basic and diluted share compared with net loss of INR 95.638 million or INR 4.77 per basic and diluted share for the same period a year ago.

For the quarter, the consolidated company reported income from operations of INR 133.410 million compared with INR 702.917 million for the same period a year ago. Loss from operations before other income and interest was INR 289.382 million compared with INR 77.057 million for the same period a year ago. Loss before tax was INR 299.735 million compared with loss before tax of INR 137.041 million for the same period a year ago. Net loss after minority interest was INR 201.553 million or INR 10.05 per basic and diluted share compared with net loss of INR 133.508 million or INR 6.66 per basic share or INR 6.65 per diluted share for the same period a year ago.