Automobile Corp. of Goa Ltd. announced unaudited financial results for the third quarter and nine months ended Dec. 30, 2013. For the quarter, the company reported profit from operations before other income, finance costs & exceptional items of INR 79 million against INR 24 million for the same period of last year. Profit from ordinary activities before tax was INR 98 million against INR 46 million for the same period of last year. Net profit for the period was INR 54.5 million or INR 10.05 per basic and diluted share against INR 31.4 million or INR 4.89 per basic and diluted share for the same period of last year. Net sales/income from operations (net of excise duty) were INR 841.5 million against INR 632 million for the same period of last year.

For the nine months, the company reported profit from operations before other income, finance costs & exceptional items of INR 131 million against INR 97 million for the same period of last year. Profit from ordinary activities before tax was INR 191 million against INR 160 million for the same period of last year. Net profit for the period was INR 125.5 million or INR 19.54 per basic and diluted share against INR 108 million or INR 16.83 per basic and diluted share for the same period of last year. Net sales/income from operations (net of excise duty) were INR 2,169 million against INR 1,850 million for the same period of last year.