MVL Industries Ltd. reported unaudited standalone earnings results for the first quarter ended September 30, 2012. For the quarter, the company reported total income from operations (net) of INR 24.102 million against INR 971.206 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 27.803 million against profit from operations before other income, finance costs and exceptional items of INR 87.182 million a year ago.

Loss from ordinary activities before tax was INR 289.746 million against profit from ordinary activities before tax of INR 26.770 million a year ago. Net loss was INR 289.712 million or INR 11.00 per basic and diluted share before and after extraordinary items against net profit of INR 18.237 million or INR 0.69 per basic and diluted share before and after extraordinary items a year ago.