Mastek Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, on standalone basis, total income from operation (net) of INR 329.2 million against INR 983.0 million a year ago. Loss from operations before other income, finance cost and exceptional item was INR 50.3 million against profit of INR 24.7 million a year ago. Loss from ordinary activities before tax was INR 13.4 million against profit from operations before tax of INR 46.3 million a year ago. Net loss was INR 4.9 million or INR 0.21 per diluted share against net profit of INR 29.6 million or INR 1.20 per diluted share a year ago. For the nine months, on standalone basis, the company’s total income from operations (net) was INR 1,371.4 million against INR 2,978.3 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 165.8 million against INR 147.3 million a year ago. Profit from ordinary activities before tax was INR 253.5 million against INR 236.7 million a year ago. Net profit was INR 194.3 million or INR 8.04 per diluted share against INR 156.7 million or INR 6.35 per diluted share a year ago. For the quarter, on consolidated basis, the company’s total income from operation (net) was INR 1,261.2 million against INR 1,377.9 million a year ago, reflecting a marginal growth of 0.2% in rupee terms and an increase of 6.9% in constant currency terms. Profit from operation before other income, finance cost and exceptional item was INR 104.1 million against loss from operation before other income, finance cost and exceptional item of INR 31.6 million a year ago. Profit from ordinary activities before tax was INR 104.3 million against INR 1.2 million a year ago. Net profit was INR 112.3 million or INR 4.63 per diluted share against INR 7.9 million or INR 0.32 per diluted share a year ago. EBITDA was INR 155 million against INR 138 million a year ago. The growth was driven by improvement in operational efficiencies and tax expenses. For the nine months, on consolidated basis, the company’s total income from operations (net) was INR 3,820.6 million against INR 4,026.9 million a year ago, reflecting a drop of 5.1% in rupee terms and a growth of 2.9% in constant currency. Profit from operation before other income, finance cost and exceptional item was INR 224.1 million against INR 41.9 million a year ago. Profit from ordinary activities before tax was INR 284.3 million against INR 159.6 million a year ago. Net profit was INR 224.6 million or INR 9.30 per diluted share against INR 78.8 million or INR 3.20 per diluted share a year ago. EBITDA was INR 400 million against 291 million a year ago.