Vax Housing Finance Corporation Ltd. reported audited standalone earnings results for the fourth quarter and year ended March 31, 2016. For the quarter, the company reported total income from operations was INR 1.436 million against INR 80.943 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 0.051 million against INR 0.958 million a year ago. Profit from ordinary activities before tax was INR 0.051 million against INR 0.958 million a year ago. Net profit for the period was INR 0.061 million or INR 0.030 per share basic and diluted before and after extraordinary items (not annualized) against INR 0.678 million or INR 0.010 per basic and diluted share before and after extraordinary items (not annualized) a year ago. For the year, the company reported total income from operations of INR 5.342 million against INR 91.764 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 0.471 million against INR 0.879 million a year ago. Profit from ordinary activities before tax was INR 0.471 million against INR 0.879 million a year ago. Net profit for the period was INR 0.431 million or INR 0.040 per basic and diluted share before and after extraordinary items (not annualized) against INR 0.599 million or INR 0.047 per basic and diluted share before and after extraordinary items (not annualized) a year ago.