Onward Technologies Limited reported standalone unaudited earnings results for the third quarter and nine months ended December 31, 2015. For the third quarter, the company reported net sales of INR 489.218 million compared with INR 474.330 million for the same period last year. Profit from operation before other income, financial costs and exceptional items was INR 25.128 million compared with INR 13.910 million for the same period last year. Profit from ordinary activities before tax was INR 20.875 million compared with INR 11.255 million for the same period last year. Net profit for the period was INR 20.483 million or INR 1.31 diluted per share before and after extraordinary items compared with INR 10.601 million or INR 0.69 diluted per share before and after extraordinary items for the same period last year.

For the nine months, the company reported net sales of INR 1,470.380 million compared with INR 1,390.939 million for the same period last year. Profit from operation before other income, financial costs and exceptional items was INR 82.249 million compared with INR 64.988 million for the same period last year. Profit from ordinary activities before tax was INR 65.134 million compared with INR 47.372 million for the same period last year. Net profit for the period was INR 63.831 million or INR 4.11 diluted per share compared with INR 45.457 million or INR 2.96 diluted per share for the same period last year.