Indiabulls Wholesale Services Ltd. reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, on consolidated basis, the company reported net sales of INR 414.534 million compared to INR 152.159 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 80.001 million compared to INR 49.021 million a year ago. Profit from ordinary activities before tax was INR 86.392 million compared to INR 43.010 million a year ago. Net profit for the period was INR 149.523 million or INR 2.94 per diluted share before & after extraordinary items compared to INR 29.356 million or INR 0.58 per diluted share before & after extraordinary items a year ago.

For the nine months period, the company reported net sales of INR 1,148.004 million compared to INR 625.006 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 203.233 million compared to INR 228.409 million a year ago. Profit from ordinary activities before tax was INR 256.88 million compared to INR 183.351 million a year ago. Net profit for the period was INR 269.336 million or INR 5.36 per diluted share before & after extraordinary items compared to INR 124.807 million or INR 2.48 per diluted share before & after extraordinary items a year ago.

For the quarter, on standalone basis, the company reported net sales of INR 16.208 million compared to INR 57.443 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 2.775 million compared to profit from operations before other income, finance cost and exceptional items INR 8.523 million a year ago. Loss from ordinary activities before tax was INR 2.735 million compared to profit from ordinary activities before tax of INR 1.895 million a year ago. Net loss after extraordinary items was INR 2.079 million or INR 0.04 per basic and diluted share before & after extraordinary items compared to net profit after extraordinary items of INR 1.413 million or INR 0.03 per basic and diluted share before & after extraordinary items a year ago.

For the nine months period, on standalone basis, the company reported net sales of INR 55.258 million compared to INR 408.958 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 54.106 million compared to profit from operations before other income, finance cost and exceptional items of INR 126.000 million a year ago. Loss from ordinary activities before tax was INR 54.712 million compared to profit from ordinary activities before tax of INR 78.675 million a year ago. Net loss after extraordinary items was INR 27.168 million or INR 0.54 per basic and diluted share before & after extraordinary items compared to net profit after extraordinary items of INR 52.158 million or INR 1.04 per basic and diluted share before & after extraordinary items a year ago.