STI India Ltd. Reports Audited Standalone Earnings Results for the Fourth Quarter and Full Year Ended of March 31, 2017
STI India Ltd. reported audited standalone earnings results for the fourth quarter and full year ended of March 31, 2017. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 124.107 million compared to INR 86.481 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 31.960 million compared to INR 54.630 million a year ago. Loss from ordinary activities before tax was INR 32.886 million compared to INR 52.835 million a year ago. Net loss for the period was INR 32.893 million compared to INR 168.369 million a year ago. Basic and diluted loss per share after extraordinary items was INR 1.13 compared to INR 5.80 a year ago.
For the full year, the company reported net sales/income from operations (net of excise duty) of INR 469.719 million compared to INR 467.914 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 84.832 million compared to INR 114.805 million a year ago. Loss from ordinary activities before tax was INR 79.802 million compared to profit from ordinary activities before tax of INR 371.939 million a year ago. Net loss for the period was INR 79.802 million compared to net profit of INR 239.985 million a year ago. Basic and diluted loss per share after extraordinary items was INR 2.75 compared to earnings per share of INR 8.28 a year ago.