GG Automotive Gears Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended Dec. 31, 2012. For the quarter, the company reported net sales/income from operations of INR 60.529 million against INR 77.174 million a year ago. Profit from operations before other income, interest & exceptional items was INR 7.999 million against INR 11.368 million a year ago. Profit from ordinary activities before tax was INR 3.506 million against INR 8.708 million a year ago. Net profit for the period was INR 2.106 million or INR 0.27 basic and diluted earnings per share before and after extraordinary items against INR 7.208 million or INR 0.91 basic and diluted earnings per share before and after extraordinary items a year ago.

For the nine months, the company reported net sales/income from operations of INR 213.5 million against INR 211.5 million a year ago. Profit from operations before other income, interest & exceptional items was INR 29.4 million against INR 27.3 million a year ago. Profit from ordinary activities before tax was INR 18.956 million against INR 20.4 million a year ago. Net profit for the period was INR 14.956 million or INR 1.89 basic and diluted earnings per share before and after extraordinary items against INR 16.9 million or INR 2.13 basic and diluted earnings per share before and after extraordinary items a year ago.