Katare Spinning Mills Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported net sales/income from operations of INR 72.013 million against INR 78.844 million a year ago. Profit from operations before other income, int, excp. was INR 1.202 million against INR 3.123 million a year ago. Profit from ordinary activities before tax was INR 12.311 million against INR 2.209 million a year ago. Net profit for the period was INR 12.311 million against INR 0.059 million a year ago. Basic and diluted earnings per share were INR 4.32 against diluted earnings per share of INR 0.02 a year ago.

For the nine months, the company reported net sales/income from operations of INR 242.433 million against INR 235.037 million a year ago. Profit from operations before other income, int, excp. was INR 9.6 million against INR 14.962 million a year ago. Loss from ordinary activities before tax was INR 12.311 million against profit from ordinary activities before tax of INR 6.642 million a year ago. Net loss for the period was INR 1.3269 million against net profit for the period of INR 0.192 million a year ago. Basic and diluted loss per share was INR 0.47 against diluted earnings per share of INR 0.07 a year ago.