GG Automotive Gears Ltd. announced unaudited standalone financial results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported net sales/income from operation of INR 24.338 million against INR 55.186 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 0.5 million against INR 8.252 million a year ago. Loss from ordinary activities before tax was INR 0.16 million against profit from ordinary activities before tax of INR 6.491 million a year ago. Loss for the period was INR 0.16 million or INR 0.02 per basic and diluted share against profit for the period of INR 6.491 million or INR 0.82 per basic and diluted share a year ago.

For the nine months, the company reported net sales/income from operation of INR 110.136 million against INR 126.223 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 4.775 million against INR 6.705 million a year ago. Profit from ordinary activities before tax was INR 2.04 million against INR 1.104 million a year ago. Profit for the period was INR 1.54 million or INR 0.19 per basic and diluted share against INR 0.979 million or INR 0.12 per basic and diluted share a year ago.