Emkay Global Financial Services Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, on consolidated basis, net sales /income from operations was INR 193.351 million compared to INR 246.593 million a year ago. Loss from operations before other income finance cost and exceptional items was INR 44.823 million compared to profit from operations before other income finance cost and exceptional items of INR 14.888 million a year ago. Loss from ordinary activities before tax was INR 49.478 million against profit from ordinary activities before tax of INR 13.357 million a year ago. Net loss was INR 36.630 million or INR 1.50 per basic and diluted share before and after extraordinary items compared to net profit of INR 10.147 million or INR 0.42 per basic and diluted share before and after extraordinary items a year ago.

For the nine moths, on consolidated basis, net sales /income from operations was INR 641.169 million compared to INR 725.253 million a year ago. Loss from operations before other income finance cost and exceptional items was INR 49.825 million compared to profit from operations before other income finance cost and exceptional items of INR 46.277 million a year ago. Loss from ordinary activities before tax was INR 51.863 million against profit from ordinary activities before tax of INR 53.086 million a year ago. Net loss was INR 48.730 million or INR 0.1.99 per basic and diluted share before and after extraordinary items compared to net profit of INR 36.135 million or INR 1.48 per basic and diluted share before and after extraordinary items a year ago.

For the quarter, on standalone basis, net sales /income from operations was INR 147.748 million compared to INR 192.060 million a year ago. Loss from operations before other income finance cost and exceptional items was INR 42.076 million compared to profit from operations before other income finance cost and exceptional items of INR 5.158 million a year ago. Loss from ordinary activities before tax was INR 46.755 million against loss from ordinary activities before tax of INR 7.509 million a year ago. Net loss was INR 34.543 million or INR 1.41 per basic and diluted share before and after extraordinary items compared to net loss of INR 4.009 million or INR 0.16 per basic and diluted share before and after extraordinary items a year ago.

For the nine moths, on standalone basis, net sales /income from operations was INR 502.338 million compared to INR 563.046 million a year ago. Loss from operations before other income finance cost and exceptional items was INR 22.860 million compared to profit from operations before other income finance cost and exceptional items of INR 23.741 million a year ago. Loss from ordinary activities before tax was INR 21.755 million against INR 20.992 million a year ago. Net loss was INR 26.649 million or INR 1.09 per basic and diluted share before and after extraordinary items compared to net loss of INR 14.048 million or INR 0.57 per basic and diluted share before and after extraordinary items a year ago.