Onward Technologies Limited announced unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, on consolidated basis, the company announced net sales or income from operations of INR 474.33 million compared to INR 410.392 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 13.91 million compared to INR 22.332 million a year ago. Profit from ordinary activities before tax was INR 11.255 million compared to INR 17.931 million a year ago. Net profit was INR 10.601 million or INR 0.69 per diluted share for before and after extraordinary items compared to INR 17.361 million or INR 1.16 per diluted share for before and after extraordinary items a year ago.

For the nine months, on consolidated basis, the company announced net sales or income from operations of INR 1,390.939 million compared to INR 1,254.832 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 64.988 million compared to INR 66.475 million a year ago. Profit from ordinary activities before tax was INR 47.372 million compared to INR 50.242 million a year ago. Net profit was INR 45.457 million or INR 2.96 per diluted share for before and after extraordinary items compared to INR 48.563 million or INR 3.27 per diluted share for before and after extraordinary items a year ago.

For the quarter, on standalone basis, the company announced net sales or income from operations of INR 219.726 million compared to INR 170.629 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 13.936 million compared to INR 20.919 million a year ago. Profit from ordinary activities before tax was INR 10.398 million compared to INR 17.249 million a year ago. Net profit was INR 10.398 million or INR 0.67 per diluted share for before and after extraordinary items compared to INR 17.249 million or INR 1.15 per diluted share for before and after extraordinary items a year ago.

For the nine months, on standalone basis, the company announced net sales or income from operations of INR 636.142 million compared to INR 532.943 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 43.896 million compared to INR 59.802 million a year ago. Profit from ordinary activities before tax was INR 30.895 million compared to INR 48.924 million a year ago. Net profit was INR 30.895 million or INR 2.01 per diluted share for before and after extraordinary items compared to INR 48.924 million or INR 3.30 per diluted share for before and after extraordinary items a year ago.