Nicco Corp. Ltd. announced audited standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 147.5 million compared to INR 596.4 million a year ago. Total income from operations was INR 150.4 million compared to INR 611.5 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 72.8 million compared to profit from operations before other income, finance costs and exceptional items of INR 31.6 million a year ago. Loss from ordinary activities before tax was INR 178.5 million compared to INR 68.6 million a year ago. Net loss for the period was INR 178.5 million compared to INR 68.6 million a year ago. Basic and diluted EPS before and after extraordinary items was INR 1.37 compared to INR 0.59 a year ago.

For the nine months, the company reported net sales/income from operations (net of excise duty) of INR 880.9 million compared to INR 1,688 million a year ago. Total income from operations was INR 899.4 million compared to INR 1,724.1 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 111.8 million compared to profit from operations before other income, finance costs and exceptional items of INR 57.4 million a year ago. Loss from ordinary activities before tax was INR 306.4 million compared to INR 203.4 million a year ago. Net loss for the period was INR 306.4 million compared to INR 203.4 million a year ago. Basic and diluted EPS before and after extraordinary items was INR 2.39 compared to INR 1.74 a year ago.