Veejay Lakshmi Engineering Works Limited reported unaudited standalone earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, on standalone basis, the company reported total income from operations (net) of INR 173.5 million compared to INR 285.0 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 25.8 million compared to INR 14.6 million a year ago. Loss from ordinary activities before tax was INR 26.6 million compared to profit from ordinary activities before tax of INR 6.6 million a year ago. Net loss for the period was INR 17.8 million or INR 3.51 per basic and diluted share compared to net profit for the period INR 11.4 million or INR 2.25 per basic and diluted share a year ago.

For the year, on standalone basis, the company reported total income from operations (net) of INR 623.6 million compared to INR 785.1 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 33.3 million compared to INR 36.6 million a year ago. Loss from ordinary activities before tax was INR 23.7 million compared to profit from ordinary activities before tax of INR 2.5 million a year ago. Net loss for the period was INR 15.1 million or INR 2.98 per basic and diluted share compared to net profit for the period of INR 15.8 million or INR 3.12 per basic and diluted share a year ago.