GG Automotive Gears Ltd. announced unaudited standalone financial results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported net sales/income from operation of INR 23.067 million against INR 60.529 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 2.245 million against INR 7.999 million a year ago. Profit from ordinary activities before tax was INR 0.528 million against INR 3.506 million a year ago. Profit for the period was INR 0.528 million or INR 0.07 per basic and diluted share against INR 2.106 million or INR 0.27 per basic and diluted share a year ago.

For the nine months, the company reported net sales/income from operation of INR 164.071 million against INR 212.47 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 17.871 million against INR 29.368 million a year ago. Profit from ordinary activities before tax was INR 13.143 million against INR 18.956 million a year ago. Profit for the period was INR 10.643 million or INR 1.34 per basic and diluted share against INR 14.956 million or INR 1.89 per basic and diluted share a year ago.