Rainbow Denim Limited reported audited financial results for the fourth quarter and full year ended Mar. 31, 2017. For the quarter, the company reported loss from operations before other income, finance costs & exceptional items of INR 33 million against INR 14.7 million for the same period of last year. Loss from ordinary activities before tax was INR 34 million against INR 23 million for the same period of last year. Net loss for the period was INR 34 million or INR 2.57 per basic and diluted share against INR 23 million or INR 1.75 per basic and diluted share for the same period of last year. Net sales/income from operations (net of excise duty) were INR 448 million against INR 550 million for the same period of last year. For the year, the company reported loss from operations before other income, finance costs & exceptional items of INR 86.7 million against INR 33.9 million for the same period of last year. Loss from ordinary activities before tax was INR 99.7 million against INR 97.3 million for the same period of last year. Net loss for the period was INR 99.7 million or INR 7.51 per basic and diluted share against INR 97.3 million or INR 7.32 per basic and diluted share for the same period of last year. Net sales/income from operations (net of excise duty) were INR 1,801 million against INR 2,208 million for the same period of last year.