Welcast Steels Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 442.534 million compared to INR 593.614 million a year ago. Loss from operations before other income, finance costs & exceptional items was INR 3.028 million compared to profit from operations before other income, finance costs & exceptional items of INR 13.077 million a year ago. Profit from ordinary activities before tax was INR 2.503 million compared to INR 11.582 million a year ago. Net profit for the period was INR 1.015 million compared to INR 8.356 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 1.59 compared to basic and diluted earnings per share before and after extraordinary items of INR 13.14 a year ago.

For the nine months, the company reported net sales/income from operations (net of excise duty) of INR 1,702.087 million compared to INR 1,764.193 million a year ago. profit from operations before other income, finance costs & exceptional items was INR 17.908 million compared to INR 33.288 million a year ago. Profit from ordinary activities before tax was INR 22.012 million compared to INR 32.553 million a year ago. Net profit for the period was INR 15.718 million compared to INR 22.066 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 24.63 compared to INR 34.04 a year ago.