Tata Sponge Iron Limited reported audited earnings results for the third quarter and nine months ended December 31, 2011. For the quarter, net sales or income from operations was INR 1,266.5 million compared to INR 1,683.9 million a year ago. Profit from operations before other income, interest and exceptional items were INR 199.5 million compared to INR 298.5 million a year ago. Profit from ordinary activities before tax was INR 255.9 million compared to INR 331.1 million a year ago. Net profit was INR 167.9 million or INR 10.90 per basic and diluted share for before and after extraordinary items compared to INR 222.0 million or INR 14.41 per basic and diluted share for before and after extraordinary items a year ago. For the nine months, net sales or income from operations was INR 4,327.6 million compared to INR 4,841.4 million a year ago. Profit from operations before other income, interest and exceptional items were INR 737.2 million compared to INR 777.8 million a year ago. Profit from ordinary activities before tax was INR 900.0 million compared to INR 867.3 million a year ago. Net profit was INR 610.3 million or INR 39.63 per basic and diluted share for before and after extraordinary items compared to INR 585.1 million or INR 37.99 per basic and diluted share for before and after extraordinary items a year ago.