Oswal Yarns 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 13.661 million against INR 7.657 million a year ago. Profit from operations before other income, interest and exceptional items was INR 0.745 million against INR 0.247 million a year ago. Loss from ordinary activities before tax was INR 0.311 million against INR 0.062 million a year ago. Net profit for the period was INR 0.311 million or INR 0.08 per basic and diluted share against loss of INR 0.062 million or INR 0.01 per basic and diluted share a year ago.

For the nine months, the company reported net sales/income from operations of INR 22.135 million against INR 24.426 million a year ago. Profit from operations before other income, interest and exceptional items was INR 0.305 million against loss of INR 0.445 million a year ago. Loss from ordinary activities before tax was INR 0.939 million against INR 1.483 million a year ago. Net loss for the period was INR 0.939 million or INR 0.23 per basic and diluted share against INR 1.487 million or INR 0.37 per basic and diluted share a year ago.