GOL Offshore Limited reported unaudited standalone earnings results for the fourth quarter and standalone and consolidated earnings results for the year ended March 31, 2014. For the quarter on standalone basis, net sales/income from operation was INR 2,584.9 million against INR 2,266.1 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 396.4 million against INR 123.9 million a year ago. Profit form ordinary activities before tax was INR 31.2 million against INR 33.2 million a year ago. Net profit was INR 129.6 million or INR 3.48 per basic and diluted share against net loss of INR 101.7 million or INR 2.73 per basic and diluted share a year ago.

For the year on standalone basis, net sales/income from operation was INR 9,506.2 million against INR 8,433.6 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 3,021.5 million against INR 2,223.9 million a year ago. Profit form ordinary activities before tax was INR 1,574.1 million against INR 1,074.5 million a year ago. Net profit was INR 1,216.9 million or INR 32.68 per basic and diluted share against INR 606.7 million or INR 16.30 per basic and diluted share a year ago.

For the year on consolidated basis, net sales/income from operation was INR 11,249.0 million against INR 9,926.5 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 2,211.6 million against INR 2,114.4 million a year ago. Loss form ordinary activities before tax was INR 289.1 million against profit form ordinary activities before tax of INR 39.0 million a year ago. Net loss was INR 676.3 million or INR 18.16 per basic and diluted share against INR 260.7 million or INR 7.00 per basic and diluted share a year ago.