Piramal Enterprises Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, on standalone basis the company reported net sales/income from operations of INR 4,723.3 million against INR 3,515.3 million a year ago. Profit from operations before other income, other income, finance cost and exceptional items was INR 808.1 million against INR 73.7 million a year ago. Loss from ordinary activities before tax was INR 821.4 million against INR 363.7 million a year ago. Net loss for the period was INR 821.4 million or INR 4.8 per basic and diluted share against INR 247.8 million or INR 1.4 per basic and diluted share a year ago.

For the nine months, the company reported net sales/income from operations of INR 13,198.7 million against INR 10,115.5 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 2,016.6 million against loss from operations before other income, other income, finance cost and exceptional items of INR 19.5 million a year ago. Loss from ordinary activities before tax was INR 1,686.1 million against INR 882.0 million a year ago. Net loss for the period was INR 1,686.1 million or INR 9.8 per basic and diluted share against INR 793.9 million or INR 4.6 per basic and diluted share a year ago.

For the quarter, on consolidated basis the company reported net sales/income from operations of INR 12,693.4 million against INR 9,819.2 million a year ago. Profit from operations before other income, other income, finance cost and exceptional items was INR 2,166.8 million against INR 1,506.4 million a year ago. Loss from ordinary activities before tax was INR 6.0 million against profit from ordinary activities before tax of INR 690.1 million a year ago. Net loss for the period after taxes, minority interest and share of profit /loss of associates was INR 111.4 million or INR 0.7 per basic and diluted share against net profit for the period after taxes, minority interest and share of profit /loss of associates of INR 610.7 million or INR 3.5 per basic and diluted share a year ago.

For the year to date, the company reported net sales/income from operations of INR 33,382.3 million against INR 25,690.1 million a year ago. Profit from operations before other income, other income, finance cost and exceptional items was INR 4,038.3 million against INR 2,068.3 million a year ago. Loss from ordinary activities before tax was INR 1,514.8 million against INR 17.4 million a year ago. Net loss for the period after taxes, minority interest and share of profit /loss of associates was INR 1,900.6 million or INR 11.0 per basic and diluted share against INR 268.7 million or INR 1.6 per basic and diluted share a year ago.