Modella Woollens reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported total income from operations was INR 0.419 million compared to INR 0.988 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 1.146 million compared to INR 0.691 million a year ago. Loss from ordinary activities before tax was INR 1.140 million compared to INR 0.641 million a year ago. Net loss was INR 1.140 million or INR 1.25 per basic and diluted share after extraordinary items not annualized against net loss was INR 0.641 million or INR 0.70 per basic and diluted share after extraordinary items not annualized a year ago.

For the nine months, the company reported total income from operations was INR 1.428 million compared to INR 1.980 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 2.980 million compared to INR 2.267 million a year ago. Loss from ordinary activities before tax was INR 2.929 million compared to INR 1.953 million a year ago. Net loss was INR 2.929 million or INR 3.22 per basic and diluted share after extraordinary items not annualized against net loss was INR 1.929 million or INR 2.12 per basic and diluted share after extraordinary items not annualized a year ago.