VXL Instruments Ltd. announced unaudited standalone financial results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported loss from operations before other income, finance cost & exceptional items of INR 6.7 million against INR 35 million for the same period of last year. Loss from ordinary activities before tax was INR 8.7 million against INR 37.8 million for the same period of last year. Net loss for the period was INR 8.7 million or INR 0.66 per basic and diluted share against profit of INR 37.8 million or INR 2.83 per basic and diluted share for the same period of last year. Net sales/income from operations (net of excise duty) were INR 133.9 million against INR 147.6 million for the same period of last year. For the quarter, the company reported loss from operations before other income, finance cost & exceptional items of INR 19.4 million against profit of INR 73 million for the same period of last year. Loss from ordinary activities before tax was INR 27.1 million against INR 79 million for the same period of last year. Net loss for the period was INR 27.1 million or INR 2.03 per basic and diluted share against profit of INR 79 million or INR 5.92 per basic and diluted share for the same period of last year. Net sales/income from operations (net of excise duty) were INR 421.4 million against INR 445.6 million for the same period of last year.