Gujarat Petrosynthese Ltd. announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported loss from operations before other income, finance costs and exceptional items of INR 1.64 million compared to profit from operations before other income, finance costs and exceptional items of INR 2.02 million reported a year ago. Net loss was INR 1.49 million or INR 0.29 per basic and diluted share before extraordinary items compared to net profit of INR 2.56 million or INR 0.50 per basic and diluted share before extraordinary items reported a year ago. Net sales were INR 26.42 million compared to INR 25.48 million reported a year ago. Loss from ordinary activities before tax was INR 1.49 million compared to profit from ordinary activities before tax of INR 3.88 million a year ago.

For the nine months, the company reported loss from operations before other income, finance costs and exceptional items of INR 4.22 million compared to profit from operations before other income, finance costs and exceptional items of INR 4.414 million reported a year ago. Net loss was INR 2.37 million or INR 0.46 per basic and diluted share before extraordinary items compared to net profit of INR 6.76 million or INR 1.31 per basic and diluted share before extraordinary items reported a year ago. Net sales were INR 80.93 million compared to INR 81.95 million reported a year ago. Loss from ordinary activities before tax was INR 2.37 million compared to profit from ordinary activities before tax of INR 6.76 million a year ago.