Solid Carbide Tools Ltd. reported audited standalone earnings results for the fourth quarter and full year ended March 31, 2016. For the quarter, the company reported loss from operations before other income finance costs and exceptional items of INR 353,482 against INR 2,582,857 a year ago. Loss from ordinary activities before tax was INR 353,482 against INR 13,011,012 a year ago. Net loss for the period was INR 353,482 against INR 13,011,012 a year ago. Basic and diluted loss per share before and after extraordinary items was INR 0.13 against INR 0.48 a year ago. For the year, the company reported loss from operations before other income finance costs and exceptional items of INR 2,752,637 against INR 5,232,876 a year ago. Loss from ordinary activities before tax was INR 2,762,637 against INR 15,661,031 a year ago. Net loss for the period was INR 2,762,637 against INR 15,661,031 a year ago. Basic and diluted loss per share before and after extraordinary items was INR 1.02 against INR 0.58 a year ago.