Stewarts & Lloyds Of India Ltd. reported standalone unaudited earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported Net Sales were INR 0.75 million compared with INR 17.0 million for the same period last year. Loss from operation before other income, financial cost and exceptional items was INR 25.6 million compared with INR 12.3 million for the same period last year. Loss from ordinary activities before tax was INR 23.0 million compared with profit from ordinary activities before tax was INR 32.3 million for the same period last year. Net loss for the period was INR 31.0 million or INR 10.33 basic and diluted per share as compared with net profit for the period of INR 32.3 million or INR 10.77 basic and diluted per share for the same period last year.

For the nine months, the company reported Net Sales were INR 28.2 million compared with INR 96.7 million for the same period last year. Loss from operation before other income, financial cost and exceptional items was INR 40.6 million compared with INR 25.4 million for the same period last year. Loss from ordinary activities before tax was INR 36.5 million compared with INR 0.75 million for the same period last year. Net loss for the period was INR 44.5 million or INR 14.82 basic and diluted per share as compared with net loss for the period of INR 0.75 million or INR 2.51 basic and diluted per share for the same period last year.