Facor Steels Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales of INR 409.103 million compared with INR 845.055 million for the same period last year. Loss from operations before other income, financial cost & exceptional items was INR 65.225 million compared with INR 0.669 million for the same period last year. Loss from ordinary activities before tax was INR 137.669 million compared with INR 20.771 million for the same period last year. Net loss for the period was INR 102.749 million or INR 0.38 basic and diluted per share compared with INR 21.294 million or INR 0.10 diluted per share for the same period last year.

For the nine months, the company reported net sales of INR 2,223.775 million compared with INR 2,148.955 million for the same period last year. Loss from operations before other income, financial cost & exceptional items was INR 130.522 million compared with INR 20.414 million for the same period last year. Loss from ordinary activities before tax was INR 199.957 million compared with INR 76.171 million for the same period last year. Net loss for the period was INR 165.037 million or INR 0.80 diluted per share compared with INR 77.785 million or INR 0.38 diluted per share for the same period last year.