Katare Spinning Mills Ltd. announced standalone unaudited earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported net sales of INR 78.844 million against INR 108.827 million a year ago. Profit from operations before other income, interests & exceptional items was INR 3.123 million against INR 2.272 million a year ago. Profit from ordinary activities before tax was INR 2.209 million against INR loss of 0.26 million a year ago. Net profit for the period was INR 0.059 million or INR 0.02 basic and diluted earnings per share after extraordinary items against net loss for the period of INR 2.41 million or INR 0.85 basic and diluted loss per share before and after extraordinary items a year ago.

For the nine months, the company reported net sales of INR 235.037 million against INR 303.118 million a year ago. Profit from operations before other income, interests & exceptional items was INR 14.962 million against INR 10.171 million a year ago. Profit from ordinary activities before tax was INR 6.642 million INR 9.889 million a year ago. Net profit for the period was INR 0.192 million or INR 0.07 basic and diluted per share after extraordinary items against INR 3.439 million or INR 1.21 basic and diluted per share before and after extraordinary items a year ago.