Shree Bhawani Paper Mills Ltd. reported standalone unaudited earnings results for third quarter and nine months ended December 31, 2015. For the quarter, the company reported loss from operations before other income, finance costs and exceptional item of INR 34.8 million, loss from ordinary activities before tax of INR 87.5 million, net loss of INR 87.5 million or INR 2.51 per basic and diluted share after extraordinary items compared to the net sales/income from operations of INR 7.7 million, total income from operations of INR 7.7 million, loss from operations before other income, finance costs and exceptional item of INR 42.3 million, loss from ordinary activities before tax of INR 93.8 million, net loss of INR 93.8 million or INR 2.7 per basic and diluted share after extraordinary items for the same quarter a year ago.

For the nine months period, the company reported net sales/income from operations of INR 1.9 million, total income from operations of INR 1.9 million, loss from operations before other income, finance costs and exceptional item of INR 111.1 million, loss from ordinary activities before tax of INR 274.6 million, net loss of INR 274.6 million or INR 7.88 per basic and diluted share after extraordinary items compared to the net sales/income from operations of INR 280.3 million, total income from operations of INR 280.3 million, loss from operations before other income, finance costs and exceptional item of INR 178.4 million, loss from ordinary activities before tax of INR 323.7 million, net loss of INR 323.7 million or INR 9.3 per basic and diluted share after extraordinary items for the same period a year ago.