Kumar Wire Cloth Manufacturing Co. Ltd. announced audited standalone financial results for the fourth quarter and year ended March 31, 2014. For the quarter, the company reported net sales of INR 2.46 million against INR 2.382 million a year ago. Profit from operations before other income, finance costs was INR 0.025 million against loss from operations before other income, finance costs of INR 0.426 million a year ago. Income from ordinary activities before tax was INR 0.458 million against loss from ordinary activities before tax of INR 0.244 million a year ago. Net income for the period was INR 1.285 million or INR 0.47 per diluted share against net loss for the period of INR 0.132 million or INR 0.04 per diluted share a year ago.

For the year, the company reported net sales of INR 9.309 million against INR 13.157 million a year ago. Loss from operations before other income, finance costs of INR 0.647 million against loss from operations before other income, finance costs of INR 0.384 million a year ago. Profit from ordinary activities before tax was INR 0.298 million against INR 0.370 million a year ago. Net income for the period was INR 1.125 million or INR 0.23 per diluted share against INR 0.482 million or INR 0.15 per diluted share a year ago.