XL Energy Limited reported unaudited standalone earnings results for the second quarter and six months ended September 30, 2012. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 8.502 million against INR 3.426 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 6.33 million against INR 42.719 million a year ago. Loss from ordinary activities before tax was INR 5.482 million against INR 119.273 million a year ago. Net loss for the period was INR 3.697 million against INR 82.418 million a year ago. Basic and diluted loss per share after extraordinary items was INR 0.16 against INR 6.58 a year ago.

For the six months, the company reported net sales/income from operations (net of excise duty) of INR 19.076 million, loss from operations before other income, finance costs and exceptional items of INR 11.006 million, loss from ordinary activities before tax of INR 10.155 million, net loss for the period of INR 6.782 million and basic and diluted loss per share before and after extraordinary items of INR 0.30.

The Board of the company at its meeting held on November 14, 2012, has taken on record the resignation of Mr. N. Prasad, Independent director of the company from the Board and its audit committee with effect from November 3, 2012.