Onward Technologies Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operations of INR 164.187 million compared to INR 151.314 million a year ago. Profit from operations before other income, financial costs & exceptional items was INR 11.148 million compared to INR 19.913 million a year ago. Profit from ordinary activities before tax was INR 7.079 million compared to INR 14.470 million a year ago. Net profit was INR 7.079 million or INR 0.48 per diluted share before and after extraordinary items compared to INR 14.470 million or INR 1.00 per diluted share before and after extraordinary items for the same period a year ago.

For the nine months, the company reported net sales/income from operations of INR 504.026 million compared to INR 438.996 million a year ago. Profit from operations before other income, financial costs & exceptional items was INR 51.497 million compared to INR 56.259 million a year ago. Profit from ordinary activities before tax was INR 36.785 million compared to INR 43.885 million a year ago. Net profit was INR 36.785 million or INR 2.48 per diluted share before and after extraordinary items compared to INR 43.885 million or INR 3.02 per diluted share before and after extraordinary items for the same period a year ago.