Avantel Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operations of INR 99.736 million compared to INR 129.225 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 25.233 million compared to INR 39.543 million a year ago. Profit from ordinary activities before tax was INR 22.869 million compared to INR 37.413 million a year ago. Net profit from ordinary activities after tax was INR 18.295 million or INR 4.08 per basic and diluted share before and after extraordinary items compared to INR 29.928 million or INR 6.51 per basic and diluted share before and after extraordinary items a year ago.

For the nine months, the company reported net sales/income from operations of INR 172.472 million compared to INR 225.103 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 46.150 million compared to INR 69.631 million a year ago. Profit from ordinary activities before tax was INR 38.424 million compared to INR 66.945 million a year ago. Net profit from ordinary activities after tax was INR 30.892 million or INR 6.89 per basic and diluted share before and after extraordinary items compared to INR 53.551 million or INR 11.65 per basic and diluted share before and after extraordinary items a year ago.