Oil Country Tubular Limited 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 1,070.5 million compared to INR 977.5 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 272 million compared to INR 197.5 million a year ago. Profit from ordinary activities before tax was INR 196.8 million compared to INR 60.7 million a year ago. Net profit was INR 81.8 million or INR 1.85 per basic and diluted share before and after extraordinary items compared to INR 32.2 million or INR 0.73 per basic and diluted share before and after extraordinary items a year ago.

For the nine months, the company reported net sales/income from operations of INR 3,867.0 million compared to INR 2,811.5 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 673.9 million compared to INR 557.4 million a year ago. Profit from ordinary activities before tax was INR 513.6 million compared to INR 337.3 million a year ago. Net profit was INR 357.1 million or INR 8.08 per basic and diluted share before and after extraordinary items compared to INR 248.8 million or INR 5.62 per basic and diluted share before and after extraordinary items a year ago.