Malwa Cotton Spinning Mills Ltd. announced audited earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter, the company announced net sales or income from operations, net of excise duty of INR 134.8 million compared to INR 415.7 million a year ago. Loss from operations before other income, finance costs and exceptional items were INR 32.0 million compared to INR 128.4 million a year ago. Loss from ordinary activities before tax was INR 23.7 million compared to INR 122.4 million a year ago. Net loss was INR 23.7 million or INR 3.31 per diluted share for before and after extraordinary items compared to INR 122.4 million or INR 10.70 per diluted share for before and after extraordinary items a year ago.

For the full year, the company announced net sales or income from operations, net of excise duty of INR 1,107.0 million compared to INR 1,883.8 million a year ago. Loss from operations before other income, finance costs and exceptional items were INR 379.3 million compared to INR 488.4 million a year ago. Loss from ordinary activities before tax was INR 368.8 million compared to INR 486.6 million a year ago. Net loss was INR 366.8 million or INR 20.32 per diluted share for before and after extraordinary items compared to INR 486.6 million or INR 42.59 per diluted share for before and after extraordinary items a year ago.