Velan Hotels Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, total income from operations (net) was INR 35.066 million, profit from operations before other income, finance cost and exceptional items was INR 3.356 million, profit from ordinary activities before tax was INR 1.559 million and net profit from ordinary activities after tax was INR 0.936 million or earnings per basic share of INR 0.03 against total income from operations of INR 34.525 million, profit from operations before other income, finance cost and exceptional items of INR 3.519 million, profit from ordinary activities before tax of INR 1.395 million and net profit from ordinary activities after tax of INR 0.940 million or earnings per basic share of INR 0.02 for the same period a year ago.

For the nine months, total income from operations was INR 101.587 million, profit from operations before other income, finance cost and exceptional items was INR 9.646 million, profit from ordinary activities before tax was INR 4.998 million and net profit from ordinary activities after tax was INR 3.376 million or earnings per basic share of INR 0.10 against total income from operations of INR 104.414 million, profit from operations before other income, finance cost and exceptional items of INR 14.772 million, profit from ordinary activities before tax of INR 7.999 million and net profit from ordinary activities after tax of INR 5.369 million or earnings per basic share of INR 0.16 for the same period a year ago.