Next Mediaworks Ltd. announced audited consolidated and standalone earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, the company reported net sales of INR 130.4 million compared with INR 94.0 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 14.7 million compared with loss from operation before other income, finance cost and exceptional items of INR 81.6 million for the same period a year ago. Loss from ordinary activities before tax was INR 35.3 million compared with INR 98.8 million for the same period a year ago. Net loss was INR 25.5 million or INR 0.39 per basic and diluted share before and after extraordinary items compared with INR 63.6 million or INR 0.38 per basic and diluted share before and after extraordinary items for the same period a year ago.

For the year, the company reported net sales of INR 504.1 million compared with INR 435.0 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 22.1 million compared with loss from operation before other income, finance cost and exceptional items of INR 143.5 million for the same period a year ago. Loss from ordinary activities before tax was INR 48.5 million compared with INR 171.7 million for the same period a year ago. Net loss was INR 72.5 million or INR 1.02 per basic and diluted share before and after extraordinary items compared with INR 150.7 million or INR 2.12 per basic and diluted share before and after extraordinary items for the same period a year ago.

For the quarter, the standalone company reported loss from operation before other income, finance cost and exceptional items was INR 7.7 million compared with INR 11.5 million for the same period a year ago. Loss from ordinary activities before tax was INR 9.9 million compared with INR 11.8 million for the same period a year ago. Net loss was INR 7.5 million or INR 0.14 per basic and diluted share before and after extraordinary items compared with INR 4.1 million or INR 0.08 per basic and diluted share before and after extraordinary items for the same period a year ago.

For the year, the standalone company reported loss from operation before other income, finance cost and exceptional items was INR 17.3 million compared with INR 28.7 million for the same period a year ago. Loss from ordinary activities before tax was INR 12.8 million compared with INR 28.4 million for the same period a year ago. Net loss was INR 9.8 million or INR 0.19 per basic and diluted share before and after extraordinary items compared with INR 20.6 million or INR 0.39 per basic and diluted share before and after extraordinary items for the same period a year ago.