Steel Strips Wheels Limited announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported net sales of INR 2,811.873 million against INR 2,666.522 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 261.927 million against INR 153.012 million a year ago. Profit from ordinary activities before tax was INR 212.040 million against INR 117.747 million a year ago. Net profit for the period was INR 155.106 million or INR 10.08 diluted per share before and after extraordinary items against INR 95.572 million or INR 6.26 diluted per share before and after extraordinary items a year ago.

For the nine months, the company reported net sales of INR 8,730.040 million against INR 8,587.234 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 730.214 million against INR 473.311 million a year ago. Profit from ordinary activities before tax was INR 549.953 million against INR 330.96 million a year ago. Net profit for the period was INR 426.956 million or INR 27.75 diluted per share before and after extraordinary items against INR 274.915 million or INR 18.02 diluted per share before and after extraordinary items a year ago.