Rainbow Paper Ltd. announced audited standalone earnings results for the fourth quarter and year ended March 31, 2016 and consolidated earnings results for the year ended March 31, 2016. For the quarter, on standalone basis the company's net sales/income from operations (net of excise duty and VAT) was INR 6.049 million compared to INR 13.832 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 20.474 million compared to profit from operations before other income, finance costs and exceptional items of INR 0.515 million a year ago. Loss from ordinary activities before tax was INR 29.794 million compared to INR 0.661 million a year ago. Net loss was INR 34.993 million compared to INR 1.205 million a year ago. Basic and diluted loss per share was INR 32.95 compared to INR 1.14 a year ago. For the year, on standalone basis the company's net sales/income from operations (net of excise duty and VAT) was INR 34.606 million compared to INR 55.42 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 32.428 million compared to profit from operations before other income, finance costs and exceptional items of INR 6.404 million a year ago. Loss from ordinary activities before tax was INR 46.759 million compared to profit of INR 0.578 million a year ago. Net loss was INR 51.958 million compared to profit of INR 2.444 million a year ago. Basic and diluted loss per share was INR 48.92 compared to INR 2.37 earnings per share a year ago. For the year, on consolidated basis the company's net sales/income from operations (net of excise duty and VAT) was INR 43.569 million compared to INR 113.362 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 44.434 million compared to profit from operations before other income, finance costs and exceptional items of INR 10.238 million a year ago. Loss from ordinary activities before tax was INR 57.552 million compared to profit of INR 3.657 million a year ago. Net loss was INR 62.751 million compared to profit of INR 5.523 million a year ago. Basic and diluted loss per share was INR 60.40 compared to INR 5.37 earnings per share a year ago.