GSL Nova Petrochemicals Limited reported audited standalone earnings results for the fourth quarter and year ended March 31, 2014. For the quarter, the company reported net sales/income from operations of INR 63.189 million against INR 43.700 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 10.864 million against loss of INR 87.100 million a year ago. Loss from ordinary activities before tax was INR 9.740 million against profit of INR 8.100 million a year ago. Net loss was INR 9.740 million or INR 4.19 per basic and diluted share before and after extraordinary items against net profit of INR 8.100 million or INR 0.30 per basic and diluted share before and after extraordinary items a year ago.

For the year, the company reported net sales/income from operations of INR 63.937 million against INR 527.3 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 25.326 million against INR 160.800 million a year ago. Loss from ordinary activities before tax was INR 113.008 million against INR 130.500 million a year ago. Net loss was INR 113.008 million or INR 4.19 per basic and diluted share before and after extraordinary items against net profit of INR 130.500 million or INR 4.83 per basic and diluted share before and after extraordinary items a year ago.