Nitin Spinners Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operations of INR 1,113.152 million against INR 1,066.910 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 154.919 million against INR 53.901 million a year ago. Profit from ordinary activities before tax was INR 80.750 million against INR 2.658 million a year ago. Net profit for the period was INR 54.551 million or INR 1.19 per basic and diluted share before and after extraordinary items against net loss for the period of INR 1.796 million or INR 0.04 per basic and diluted share before and after extraordinary items a year ago.

For nine months, the company reported net sales/income from operations of INR 3,291.350 million against INR 3,159.784 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 424.491 million against INR 58.415 million a year ago. Profit from ordinary activities before tax was INR 207.850 million against loss from ordinary activities before tax of INR 100.160 million a year ago. Net profit for the period was INR 140.413 million or INR 3.06 per basic and diluted share before and after extraordinary items against net loss for the period of INR 67.663 million or INR 1.48 per basic and diluted share before and after extraordinary items a year ago.