PSL Ltd. reported unaudited standalone earnings results for the first quarter ended of June 30, 2016. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 19.4 million compared to INR 314.5 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 386.6 million compared to INR 715.9 million a year ago. Loss from ordinary activities before tax was INR 386.6 million compared to INR 2,247.6 million a year ago. Net loss for the period was INR 386.6 million compared to INR 2,247.6 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 3.09 compared to INR 22.72 a year ago.