Malwa Cotton Spinning Mills Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company's total income from operations was INR 523.4 million against INR 1,015.3 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 422.0 million against profit from operations before other income, finance costs and exceptional items of INR 31.6 million a year ago. Loss from ordinary activities before tax was INR 514.6 million against INR 40.3 million a year ago. Net loss for the period was INR 514.6 million or INR 18.88 per diluted share after extraordinary items against INR 40.3 million or INR 1.43 per diluted share after extraordinary items a year ago.

For the nine months, the company's total income from operations was INR 2,213.2 million against INR 3,126.5 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 848.6 million against profit from operations before other income, finance costs and exceptional items of INR 184.2 million a year ago. Loss from ordinary activities before tax was INR 1,103.2 million against INR 35.6 million a year ago. Net profit for the period was INR 1,103.2 million or INR 41.67 per diluted share after extraordinary items against INR 35.6 million or INR 1.42 per diluted share after extraordinary items a year ago.