Precot Meridian Limited announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company's net sales/income from operations was INR 1,639.1 million compared with INR 1,572.8 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 28.5 million compared with profit of INR 0.2 million a year ago. Profit from ordinary activities before tax was INR 127.4 million compared with loss of INR 74.4 million a year ago. Net profit was INR 127.4 million or INR 10.62 per basic and diluted share compared with net loss of INR 74.4 million or INR 6.20 per basic and diluted share a year ago. For the nine months, the company's net sales/income from operations was INR 4,805.8 million compared with INR 4,949.2 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 17.2 million compared with INR 69.4 million a year ago. Profit from ordinary activities before tax was INR 59.3 million compared with loss of INR 319.7 million a year ago. Net profit was INR 59.3 million or INR 4.94 per basic and diluted share compared with net loss of INR 319.7 million or INR 26.64 per basic and diluted share a year ago.