Ferro Alloys Corporation Ltd. announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported net sales/income from operations of INR 1,394.820 million against INR 1,616.631 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 97.476 million against profit of INR 63.002 million a year ago. Loss from ordinary activities before tax was INR 131.601 million against profit of INR 24.845 million a year ago. Net loss for the period was INR 100.603 million or INR 0.54 basic and diluted per share before and after extraordinary items against net profit of INR 16.758 million or INR 0.09 basic and diluted per share before and after extraordinary items a year ago.

For the nine months, the company reported net sales/income from operations of INR 4,332.236 million against INR 4,358.526 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 67.351 million against INR 139.331 million a year ago. Loss from ordinary activities before tax was INR 13.352 million against profit of INR 70.393 million a year ago. Net loss for the period was INR 13.432 million or INR 0.07 basic and diluted per share before and after extraordinary items against INR 48.764 million or INR 0.26 basic and diluted per share before and after extraordinary items a year ago.