Facor Steels Ltd. reported audited earnings results for the fourth quarter and full year ended March 31, 2016. For the quarter, the company reported net sales /income from operations of INR 2.594 million compared to negative of INR 3.348 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 36.696 million compared to INR 65.791 million a year ago. Loss from ordinary activities before tax was INR 42.639 million against profit from ordinary activities before tax was INR 106.087 million a year ago. Net loss for the period was INR 42.639 million or INR 0.21 per basic and diluted share before and after extraordinary items compared to net profit for the period of INR 106.087 million or INR 0.51 per basic and diluted share before and after extraordinary items a year ago. For the full year, the company reported net sales /income from operations of INR 15.016 compared to INR 292.712 million a year ago. Loss from operations before other income finance cost and exceptional items was INR 105.457 million compared to INR 239.470 million a year ago. Loss from ordinary activities before tax was INR 142.610 million against INR 125.107 million a year ago. Net loss was INR 142.610 million or INR 0.69 per basic and diluted share before and after extraordinary items compared to INR 125.107 million or INR 0.61 per basic and diluted share before and after extraordinary items a year ago.