Pipavav Defence and Offshore Engineering Company Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported total income from operations (net) of INR 505.399 million compared to INR 2,520.279 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 1,809.468 million compared to profit from operations before other income, finance costs and exceptional items of INR 102.719 million a year ago. Loss from ordinary activates before tax was INR 2,936.037 million compared to INR 937.284 million a year ago. Net loss was INR 2,936.037 million or INR 3.99 per basic and diluted share (not annualized) compared to INR 704.637 million or INR 0.93 per basic and diluted share (not annualized) a year ago. LBITDA was INR 2,936.037 million compared to EBITDA of INR 937.284 million a year ago.

For the nine months period, the company reported total income from operations (net) of INR 2,115.182 million compared to INR 7,806.483 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 3,057.087 million compared to profit from operations before other income, finance costs and exceptional items of INR 771.442 million a year ago. Loss from ordinary activates before tax was INR 6,338.893 million compared to INR 2,117.683 million a year ago. Net loss was INR 6,310.965 million or INR 8.57 per basic and diluted share (not annualized) compared to INR 1,828.593 million or INR 2.48 per basic and diluted share (not annualized) a year ago. LBITDA was INR 6,338.893 million compared to INR 2,117.683 million a year ago.