Nelco Limited reported unaudited standalone and consolidated earnings results for the first quarter ended December 31, 2013. For the quarter, on standalone basis, the company reported sales/income from operations of INR 276.5 million against INR 286.9 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 15.9 million against INR 37.3 million a year ago. Loss from ordinary activities before tax was INR 31.5 million against INR 62.6 million a year ago. Net loss was INR 31.5 million or INR 1.38 per basic and diluted share before and after extraordinary items compared to net loss of INR 62.6 million or INR 2.74 per basic and diluted share before and after extraordinary items a year ago period.

For the quarter, on consolidated basis, the company reported sales/income from operations of INR 351.8 million against INR 339.9 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 6.8 million against INR 44.5 million a year ago. Loss from ordinary activities before tax was INR 27.4 million against INR 69.0 million a year ago. Net loss from ordinary activities after tax was INR 29.1 million or INR 1.25 per basic and diluted share before and after extraordinary items compared to net loss from ordinary activities after tax of INR 66.3 million or INR 2.91 per basic and diluted share before and after extraordinary items a year ago period.