Hindustan Wires Ltd. announced audited earnings results for the fourth quarter and year ended March 31, 2014. For the quarter, the company reported net loss of INR 10.446 million or INR 1.06 per basic and diluted share after extra ordinary items on net sales/income from operations of INR 10.548 million compared to net profit of INR 1.036 million or INR 0.11 per basic and diluted share after extra ordinary items on net sales/income from operations of INR 10.651 million for the corresponding period last year. Loss from operations before other income, finance cost and exceptional items was INR 2.385 million against INR 1.243 million of prior year period. Loss from ordinary activities before tax was INR 10.446 million against profit of INR 1.036 million of prior year period.

For the year, the company reported net loss of INR 3.59 million or INR 0.37 per basic and diluted share after extra ordinary items on net sales/income from operations of INR 52.106 million compared to net profit of INR 4.202 million or INR 0.43 per basic and diluted share after extra ordinary items on net sales/income from operations of INR 38.367 million for the last year. Loss from operations before other income, finance cost and exceptional items was INR 1.084 million against INR 4.018 million of prior year period. Loss from ordinary activities before tax was INR 3.59 million against profit of INR 4.202 million of prior year period.