Century Textiles and Industries Limited reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 14,997.9 million compared to INR 12,770.4 million a year ago. Profit from operations before other income, financial costs & exceptional items was INR 277.6 million compared to INR 940.1 million a year ago. Loss from ordinary activities before tax was INR 471.9 million compared to profit from ordinary activities before tax of INR 578.5 million a year ago. Net loss was INR 291.9 million or INR 3.14 per basic and diluted share (not annualized) compared to net profit of INR 542.8 million or INR 5.83 per basic and diluted share (not annualized) for the same period a year ago.

For the nine months, the company reported net sales/income from operations (net of excise duty) of INR 42,861.1 million compared to INR 35,136.2 million a year ago. Profit from operations before other income, financial costs & exceptional items was INR 1,482.8 million compared to INR 1,397.0 million a year ago. Loss from ordinary activities before tax was INR 764.4 million compared to profit from ordinary activities before tax of INR 450.7 million a year ago. Net loss was INR 524.4 million or INR 5.64 per basic and diluted share (not annualized) compared to net profit of INR 460.2 million or INR 4.95 per basic and diluted share (not annualized) for the same period a year ago.