Syndicate Bank reported audited standalone earnings results for the fourth quarter and standalone and consolidated earnings results for the year ended March 31, 2018. For the quarter, the company reported total income of INR 60,460 million against INR 69,130.9 million a year ago. Operating profit was INR 9,341.5 million against INR 15,143.9 million a year ago. Loss from ordinary activities before tax was INR 30,031.5 million against profit from ordinary activities before tax of INR 2,461.9 million a year ago. Net loss for the period was INR 21,951.2 million or INR 20.67 per share basic and diluted against net profit for the period of INR 1,038.4 million or INR 1.15 per share basic and diluted a year ago. Return on assets negative was 2.87% against return on assets of 0.14% a year ago. For the year, the company reported total income of INR 245,818.5 million against INR 264,611.8 million a year ago. Operating profit was INR 38,638.5 million against INR 42,332.3 million a year ago. Loss from ordinary activities before tax was INR 43,884.8 million against profit from ordinary activities before tax of INR 6,519.6 million a year ago. Net loss for the period was INR 32,228.4 million or INR 34.00 per share basic and diluted against net profit for the period of INR 3,589.5 million or INR 4.21 per share basic and diluted a year ago. Return on assets negative was 1.05% against return on assets of 0.12% a year ago. For the year on consolidated basis, the company reported total income of INR 246,912.8 million against INR 266,172.4 million a year ago. Operating profit was INR 39,757.1 million against INR 43,931.3 million a year ago. Loss from ordinary activities before tax was INR 42,766.2 million against profit from ordinary activities before tax of INR 8,118.6 million a year ago. Net loss for the period was INR 31,116.9 million or INR 32.83 per share basic and diluted against net profit for the period of INR 5,174.5 million or INR 6.08 per share basic and diluted a year ago. Return on assets negative was 1.05% against return on assets of 0.12% a year ago.