Lanco Infratech Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter on consolidated basis, income from operation was INR 21,005.1 million against INR 21,269.0 million a year ago. Profit from operation before other income, foreign exchange fluctuation, finance cost and exceptional item was INR 2,606.2 million against INR 2,358.5 million a year ago. Loss from ordinary activities before tax was INR 532.8 million against INR 6,382.7 million a year ago. Net income after tax was INR 1,364.9 million or INR 0.27 per basic and diluted share against net loss of INR 6,166.2 million or INR 2.61 per basic and diluted share a year ago. Operating income was INR 4,074.4 million against INR 235.9 million a year ago. Adjusted EBITDA (excluding forex) increased by 120% year on year to INR 6,191 million in third quarter of fiscal 2016 from INR 2,812 million reported a year ago. EBITDA was INR 5,364 million against INR 3,140 million reported a year ago.

For the nine months on consolidated basis, income from operation was INR 696,849.4 million against INR 69,521.3 million a year ago. Profit from operation before other income, foreign exchange fluctuation, finance cost and exceptional item was INR 13,320.6 million against INR 9,154.6 million a year ago. Loss from ordinary activities before tax was INR 1,345.9 million against INR 14,606.7 million a year ago. Net loss after tax was INR 648.9 million or INR 0.26 per basic and diluted share against INR 14,504.5 million or INR 6.14 per basic and diluted share a year ago. Operating income was INR 12,776.2 million against INR 1,190.5 million a year ago. Adjusted EBITDA (excluding forex) increased by 118% year on year to INR 21,175 million from INR 9,700 million reported a year ago. EBITDA was INR 19,098 million against INR 9,213 million reported a year ago.

For the quarter on standalone basis, income from operation was INR 5,137.4 million against INR 2,565.4 million a year ago. Profit from operation before other income, foreign exchange fluctuation, finance cost and exceptional item was INR 410.6 million against loss from operation before other income, foreign exchange fluctuation, finance cost and exceptional item of INR 205.4 million a year ago. Loss from ordinary activities before tax was INR 19,947.7 million against INR 2,010.0 million a year ago. Net loss was INR 1,947.7 million or INR 0.72 per basic and diluted share against INR 2,010.0 million or INR 0.85 per basic and diluted share a year ago.

For the nine months on standalone basis, income from operation was INR 18,621.6 million against INR 10,658.4 million a year ago. Profit from operation before other income, foreign exchange fluctuation, finance cost and exceptional item was INR 2,534.2 million against loss from operation before other income, foreign exchange fluctuation, finance cost and exceptional item of INR 498.1 million a year ago. Loss from ordinary activities before tax was INR 2,760.0 million against INR 4,393.4 million a year ago. Net loss was INR 2,760.0 million or INR 1.09 per basic and diluted share against INR 4,393.4 million or INR 1.86 per basic and diluted share a year ago.