Chowgule Steamships Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported net sales of INR 6.857 million against INR 21.378 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 29.432 million against INR 54.203 million a year ago. Loss from ordinary activities before tax was INR 20.886 million against INR 50.004 million a year ago. Profit for the period after tax was INR 7.386 million against loss for the period after tax of INR 40.977 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 0.20 against INR 1.13 a year ago.

For the nine months, the company reported net sales of INR 46.470 million against INR 68.496 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 105.636 million against INR 152.012 million a year ago. Loss from ordinary activities before tax was INR 85.818 million against INR 84.514 million a year ago. Loss for the period after tax was INR 46.837 million against INR 65.040 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 1.30 against INR 1.79 a year ago.