Net 4 India Limited announced unaudited standalone and consolidated earnings results for the second quarter and half year ended September 30, 2014. For the quarter, on a standalone basis, the company reported net income of INR 84.567 million compared to INR 244.723 million a year ago. Loss from operations before other income, interests and exceptional items was INR 148.111 million compared to INR 297.192 million a year ago. Loss before tax was INR 170.126 million compared to INR 588.176 million a year ago. Net loss for the period was INR 165.606 million compared to INR 584.385 million a year ago. Basic and diluted loss per share was INR 33.90 compared to INR 33.90 a year ago.

For the half year, on a standalone basis, the company reported net income of INR 156.453 million compared to INR 633.821 million a year ago. Loss from operations before other income, interests and exceptional items was INR 338.987 million compared to INR 370.417 million a year ago. Loss before tax was INR 329.890 million compared to INR 684.945 million a year ago. Net loss for the period was INR 281.510 million compared to INR 680.023 million a year ago. Basic and diluted loss per share was INR 14.03 compared to INR 33.90 a year ago.

For the quarter, on a consolidated basis, the company reported net income of INR 128.981 million compared to INR 349.692 million a year ago. Loss from operations before other income, interests and exceptional items was INR 257.145 million compared to INR 382.843 million a year ago. Loss before tax was INR 316.423 million compared to INR 781.761 million a year ago. Net loss for the period was INR 259.307 million compared to INR 743.563 million a year ago. Basic and diluted loss per share was INR 45.32 compared to INR 45.32 a year ago.

For the half year, on a consolidated basis, the company reported net income of INR 262.390 million compared to INR 1,052.609 million a year ago. Loss from operations before other income, interests and exceptional items was INR 546.528 million compared to INR 459.900 million a year ago. Loss before tax was INR 616.158 million compared to INR 918.802 million a year ago. Net loss for the period was INR 504.750 million compared to INR 877.071 million a year ago. Basic loss per share was INR 14.03 compared to INR 45.32 a year ago.