Lakshmi Energy and Foods Ltd. announced audited standalone and consolidated earnings results for the three months and eighteen months ended March 31, 2014. For the three months on standalone basis, the company reported net sales of INR 1,399.66 million against INR 4,671.25 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 158.34 million against profit from operations before other income, finance cost and exceptional items of INR 359.72 million a year ago. Loss from ordinary activities before tax was INR 703.49 million against profit from ordinary activities before tax of INR 259.87 million a year ago. Net profit for the period was INR 641.02 million against net profit for the period of INR 285.86 million a year ago. Diluted earnings per share before and after extraordinary items were INR 9.51 against INR 4.52 a year ago.

For the eighteen months on standalone basis, the company reported net sales of INR 18,492.41 million, profit from operations before other income, finance cost and exceptional items was INR 1,373.73 million, loss from ordinary activities before tax was INR 196.76 million, net loss for the period was INR 34.90 million and diluted earnings per share before and after extraordinary items were INR 0.52.

For the three months on consolidated basis, the company reported net sales of INR 1,274.57 million against INR 4,942.49 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 146.90 million against profit from operations before other income, finance cost and exceptional items of INR 361.15 million a year ago. Loss from ordinary activities before tax was INR 689.71 million against profit from ordinary activities before of INR 261.05 million a year ago. Net loss for the period was INR 618.66 million against net profit for the period of INR 286.99 million a year ago. Diluted loss per share before and after extraordinary items were INR 9.18 against diluted earnings per share before and after extraordinary items of INR 4.54 a year ago.

For the eighteen months on consolidated basis, the company reported net sales of INR 19,915.68 million, profit from operations before other income, finance cost and exceptional items was INR 1,386.53 million, loss from ordinary activities before tax was INR 171.88 million, net loss for the period was INR 10.62 million and diluted loss per share before and after extraordinary items were INR 0.16.