Kaushalya Infrastructure Development Corporation Limited announced 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 1.458 million against INR 33.439 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 407.062 million against profit from operations before other income, finance costs and exceptional items of INR 17.899 million a year ago. Loss from ordinary activities before tax was INR 407.237 million against profit from ordinary activities before tax of INR 0.5 million a year ago. Net loss for the period was INR 407.12 million or INR 11.76 basic and diluted per share before and after extraordinary items against net profit for the period of INR 0.49 million or INR 0.02 basic and diluted per share before and after extraordinary items a year ago.

For the nine months, the company reported net sales of INR 4.593 million against INR 51.295 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 533.661 million against profit from operations before other income, finance costs and exceptional items of INR 12.794 million a year ago. Loss from ordinary activities before tax was INR 522.779 million against INR 37.467 million a year ago. Net loss for the period was INR 522.412 million or INR 15.09 basic and diluted per share before and after extraordinary items against INR 37.452 million or INR 1.08 basic and diluted per share before and after extraordinary items a year ago.