Vax Housing Finance Corporation Ltd. reported standalone audited earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported total income from operations was INR 1.136 million against INR 10.823 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 0.784 million against loss of INR 0.078 million a year ago. Profit from ordinary activities before tax was INR 0.784 million against loss of INR 0.077 million a year ago. Net profit for the period was INR 0.784 million or INR 0.07 per share before and after extraordinary items (not annualized) against loss of INR 0.077 million or INR 0.01 per share before and after extraordinary items (not annualized) a year ago.

For the nine-month period, the company reported total income from operations was INR 3.858 million against INR 14.726 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 0.932 million against INR 0.277 million a year ago. Profit from ordinary activities before tax was INR 0.932 million against INR 0.278 million a year ago. Net profit for the period was INR 0.882 million or INR 0.07 per share before and after extraordinary items (not annualized) against INR 0.278 million or INR 0.02 per share before and after extraordinary items (not annualized) a year ago.