Malwa Cotton Spinning Mills Ltd. announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the standalone company reported net sales of INR 72.0 million against INR 244.0 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 43.0 million against INR 60.8 million a year ago. Loss from ordinary activities before tax was INR 43.2 million against INR 61.8 million a year ago. Net loss was INR 43.2 million against INR 61.8 million a year ago. Diluted loss per share before and after extraordinary items were INR 1.08 against INR 1.07 a year ago.

For the nine months, the standalone company reported net sales of INR 249.0 million against INR 972.2 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 194.6 million against INR 347.3 million a year ago. Loss from ordinary activities before tax was INR 194.5 million against INR 345.1 million a year ago. Net loss was INR 194.5 million against INR 345.1 million a year ago. Diluted loss per share before and after extraordinary items were INR 11.05 against INR 17.01 a year ago.