Gandhi Special Tubes Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported total income from operations (net) of INR 170.976 million compared to INR 209.268 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 23.628 million compared to INR 53.390 million a year ago. Profit from ordinary activities before tax was INR 56.264 million compared to INR 64.575 million a year ago. Net profit was INR 38.572 million or INR 2.62 basic and diluted per share before and after extraordinary items (not annualized) compared to INR 46.294 million or INR 3.15 basic and diluted per share before and after extraordinary items (not annualized) a year ago.

For the nine months period, the company reported total income from operations (net) of INR 622.289 million compared to INR 727.423 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 159.372 million compared to INR 221.601 million a year ago. Profit from ordinary activities before tax was INR 234.560 million compared to INR 246.357 million a year ago. Net profit was INR 172.661 million or INR 11.75 basic and diluted per share before and after extraordinary items (not annualized) compared to INR 178.965 million or INR 12.18 basic and diluted per share before and after extraordinary items (not annualized) a year ago.