James Hotels Ltd. reported audited earnings results for the fourth quarter and year ended March 31, 2014. For the quarter, the company reported net sales or income from operations of INR 57.407 million against INR 54.250 million a year ago. Loss from operations before other income, interest and exceptional items was INR 10.371 million against profit from operations before other income, interest and exceptional items of INR 21.781 million a year ago. Loss from ordinary activities before tax was INR 10.012 million against profit from ordinary activities before tax of INR 23.322 million a year ago. Net loss for the period was INR 10.012 million or INR 1.25 per basic and diluted share after extraordinary items against net profit of INR 23.322 million or INR 2.92 per basic and diluted share after extraordinary items a year ago.

For the full year, the company reported net sales or income from operations of INR 211.478 million against INR 169.069 million a year ago. Loss from operations before other income, interest and exceptional items was INR 30.594 million against INR 1.660 million a year ago. Loss from ordinary activities before tax was INR 101.270 million against INR 15.077 million a year ago. Net loss for the period was INR 101.270 million or INR 12.66 per basic and diluted share after extraordinary items against net loss of INR 15.077 million or INR 1.88 per basic and diluted share after extraordinary items a year ago.