Lakshmi Energy and Foods Ltd. reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended June 30, 2012. For the quarter on standalone basis, the company reported profit from operations before other income, finance costs and exceptional items of INR 439.40 million compared to INR 317.07 million reported a year ago. Net profit was INR 79.90 million or INR 1.26 per basic and diluted share before and after extraordinary items compared to net profit of INR 95.24 million or INR 1.51 per basic and diluted share before and after extraordinary items reported a year ago. Net sales were INR 2,920.20 million compared to INR 2,245.03 million reported a year ago. Profit from ordinary activities before finance costs & exceptional items was INR 441.01 million compared to INR 317.27 million reported a year ago. Profit after finance costs but before exceptional items and profit from ordinary activities before tax was INR 55.52 million compared to INR 85.89 million reported a year ago. Total income was INR 2,921.69 million compared to INR 2,245.79 million reported a year ago.

For the nine months on standalone basis, the company reported profit from operations before other income, finance costs and exceptional items of INR 941.96 million compared to INR 1,134.89 million reported a year ago. Net profit was INR 13.31 million or INR 0.21 per basic and diluted share before and after extraordinary items compared to net profit of INR 351.92 million or INR 5.57 per basic and diluted share before and after extraordinary items reported a year ago. Net sales were INR 8,917.94 million compared to INR 6,500.12 million reported a year ago. Profit from ordinary activities before finance costs & exceptional items was INR 943.84 million compared to INR 1,138.79 million reported a year ago. Loss after finance costs but before exceptional items and loss from ordinary activities before tax was INR 60.49 million compared to INR 350.24 million reported a year ago. Total income was INR 8,920.66 million compared to INR 6,505.84 million reported a year ago.

For the quarter on consolidated basis, the company reported profit from operations before other income, finance costs and exceptional items of INR 439.75 million compared to INR 314.55 million reported a year ago. Net profit was INR 79.75 million or INR 1.26 per basic and diluted share before and after extraordinary items compared to net profit of INR 92.18 million or INR 1.46 per basic and diluted share before and after extraordinary items reported a year ago. Net sales were INR 2,723.78 million compared to INR 2,440.09 million reported a year ago. Profit from ordinary activities before finance costs & exceptional items was INR 440.88 million compared to INR 314.75 million reported a year ago. Profit after finance costs but before exceptional items and profit from ordinary activities before tax was INR 55.37 million compared to INR 83.34 million reported a year ago. Total income was INR 2,731.34 million compared to INR 2,442.98 million reported a year ago.


For the nine months on consolidated basis, the company reported profit from operations before other income, finance costs and exceptional items of INR 912.12 million compared to INR 1,137.78 million reported a year ago. Net loss was INR 5.62 million or INR 0.09 per basic and diluted share before and after extraordinary items compared to net profit of INR 352.45 million or INR 5.58 per basic and diluted share before and after extraordinary items reported a year ago. Net sales were INR 8,747.19 million compared to INR 7,025.68 million reported a year ago. Profit from ordinary activities before finance costs & exceptional items was INR 925.28 million compared to INR 1,141.68 million reported a year ago. Loss after finance costs but before exceptional items and loss from ordinary activities before tax was INR 79.42 million compared to INR 353.03 million reported a year ago. Total income was INR 8,755.98 million compared to INR 7,045.54 million reported a year ago.