Kwality Credit & Leasing Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported net sales/income from operations of INR 1.598 million compared with INR 2.048 million for the same period last year. Profit from operation before other income, financial cost and exceptional items was INR 0.186 million compared with INR 1.779 million for the same period last year. Profit from ordinary activities before tax was INR 0.063 million compared with INR 1.654 million for the same period last year. Net profit for the period was INR 0.063 million or INR 0.01 basic and diluted per share as compared with net profit for the period of INR 1.143 million or INR 0.27 basic and diluted per share for the same period last year. For the nine months, the company reported net sales/income from operations of INR 4.824 million compared with INR 6.331 million for the same period last year. Profit from operation before other income, financial cost and exceptional items was INR 0.321 million compared with INR 4.457 million for the same period last year. Loss from ordinary activities before tax was INR 0.034 million compared with profit from ordinary activities before tax of INR 4.207 million for the same period last year. Net loss for the period was INR 0.034 million or INR 0.01 basic and diluted per share as compared with net profit for the period of INR 2.901 million or INR 0.69 basic and diluted per share for the same period last year.