Gemini Communication Limited announced audited standalone and consolidated financial results for the fourth quarter and year ended March 31, 2014. For the quarter, the company on standalone basis net sales/income from operations of INR 104.116 million against INR 389.306 million a year ago. Loss from ordinary activities before other income, finance cost and exceptional items was INR 345.880 million against profit from ordinary activities before other income, finance cost and exceptional items of INR 34.307 million a year ago. Loss from ordinary activities before tax was INR 1,678.591 million against profit from ordinary activities before tax of INR 1.166 million a year ago. Net loss for the period was INR 1,618.305 million or INR 13.062 per basic and diluted share after exceptional items against INR 23.850 million or INR 0.19 per basic and diluted share after exceptional items a year ago.

For the year, the company on standalone basis net sales/income from operations of INR 413.632 million against INR 1,397.387 million a year ago. Loss from ordinary activities before other income, finance cost and exceptional items was INR 490.278 million against profit from ordinary activities before other income, finance cost and exceptional items of INR 210.357 million a year ago. Loss from ordinary activities before tax was INR 1,858.296 million against profit from ordinary activities before tax of INR 5.211 million a year ago. Net loss for the period was INR 1,798.010 million or INR 14.51 per basic and diluted share after exceptional items are against net profit for the period of INR 19.804 million or INR 0.16 per basic and diluted share after exceptional items a year ago.

For the quarter, the company on consolidated basis net sales/income from operations of INR 104.116 million against INR 1,555.938 million a year ago. Loss from ordinary activities before other income, finance cost and exceptional items was INR 418.721 million against profit from ordinary activities before other income, finance cost and exceptional items of INR 157.332 million a year ago. Loss from ordinary activities before tax was INR 5,293.860 million against profit from ordinary activities before tax of INR 129.773 million a year ago. Net loss for the period was INR 5,237.196 million or INR 42.27 per diluted share against net profit for the period of INR 72.645 million or INR 0.59 per diluted share a year ago.

For the year, the company on consolidated basis net sales/income from operations of INR 708.926 million against INR 3,309.096 million a year ago. Loss from ordinary activities before other income, finance cost and exceptional items was INR 593.250 million against profit from ordinary activities before other income, finance cost and exceptional items of INR 546.791 million a year ago. Loss from ordinary activities before tax was INR 5,507.469 million against profit from ordinary activities before tax of INR 321.418 million a year ago. Net loss for the period was INR 5,450.804 million or INR 44.00 per diluted share against net profit for the period of INR 264.290 million or INR 2.13 per diluted share a year ago.