Katare Spinning Mills Ltd. announced unaudited financial results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operations of INR 87.909 million against INR 97.730 million a year ago. Profit from operations before other income, interest and exceptional items was INR 1.884 million against INR 0.884 million a year ago. Loss from ordinary activities before tax was INR 0.437 million against INR 2.296 million a year ago. Net loss for the period was INR 0.437 million or INR 0.15 per basic and diluted share against INR 2.296 million or INR 0.81 per basic and diluted share a year ago.

For the nine months, the company reported net sales/income from operations of INR 323.652 million against INR 316.020 million a year ago. Profit from operations before other income, interest and exceptional items was INR 17.877 million against loss from operations before other income, interest and exceptional items of INR 2.265 million a year ago. Profit from ordinary activities before tax was INR 10.049 million against loss from ordinary activities before tax of INR 9.775 million a year ago. Net profit for the period was INR 10.049 million or INR 3.53 per basic and diluted share against net loss for the period of INR 9.775 million or INR 3.43 per basic and diluted share a year ago.