Coromandel Engineering Company Limited announced unaudited financial results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported profit from operations before other income & finance costs of INR 33 million against INR 19.7 million for the same period of last year. Loss before tax was INR 0.75 million against INR 8.9 million for the same period of last year. Net loss after tax was INR 0.75 million or INR 0.23 per basic and diluted share against INR 8.9 million or INR 2.7 per basic and diluted share for the same period of last year. Net sales/income from operations were INR 505 million against INR 475 million for the same period of last year.

For the nine months, the company reported loss from operations before other income & finance costs of INR 33 million against profit of INR 31.76 million for the same period of last year. Loss before tax was INR 120 million against INR 45 million for the same period of last year. Net loss after tax was INR 120 million or INR 36.47 per basic and diluted share against INR 45 million or INR 13.6 per basic and diluted share for the same period of last year. Net sales/income from operations were INR 1,465 million against INR 1,652 million for the same period of last year.