Oil Country Tubular Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported net sales/income from operations was INR 560.948 million against INR 1,129.417 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 99.044 million against INR 157.297 million a year ago. Profit from ordinary activities before tax was INR 45.121 million compared to INR 115.903 million for the same period a year ago. Net profit was INR 24.300 million or INR 0.55 basic and diluted earnings per share against INR 108.132 million or INR 2.44 basic and diluted earnings per share a year ago.

For nine months, the company reported net sales/income from operations was INR 1,546.064 million against INR 2,460.308 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 52.972 million against INR 96.514 million a year ago. Loss from ordinary activities before tax was INR 61.031 million compared to INR 22.875 million for the same period a year ago. Net loss was INR 92.255 million or INR 2.08 basic and diluted loss per share against INR 41.798 million or INR 0.94 basic and diluted loss per share a year ago.