Gravita India Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2012. On standalone basis, for the quarter, the company reported net sales/income from operations (net of excise duty) of INR 675.133 million compared to INR 506.956 million a year ago. Profit from operations before other income and finance cost & exceptional items was INR 51.337 million compared to INR 25.198 million a year ago. Profit from ordinary activities before tax was INR 60.653 million compared to INR 8.854 million a year ago. Net profit was INR 50.926 million or INR 0.75 per basic and diluted share after extraordinary items compared to INR 10.570 million or INR 0.16 per basic and diluted share after extraordinary items for the same period a year ago.

On standalone basis, for the nine months, the company reported net sales/income from operations (net of excise duty) of INR 1,886.785 million compared to INR 1,501.015 million a year ago. Profit from operations before other income and finance cost & exceptional items was INR 92.298 million compared to INR 77.064 million a year ago. Profit from ordinary activities before tax was INR 127.209 million compared to INR 62.460 million a year ago. Net profit was INR 113.694 million or INR 1.66 per diluted share after extraordinary items compared to INR 49.577 million or INR 0.73 per basic and diluted share after extraordinary items for the same period a year ago.

On consolidated basis, for the quarter, the company reported net sales/income from operations (net of excise duty) of INR 1,097.185 million compared to INR 687.265 million a year ago. Profit from operations before other income and finance cost & exceptional items was INR 128.122 million compared to INR 42.398 million a year ago. Profit from ordinary activities before tax was INR 94.188 million compared to INR 30.296 million a year ago. Net profit was INR 78.621 million or INR 0.90 per basic and diluted share after extraordinary items compared to INR 30.182 million or INR 0.37 per basic and diluted share after extraordinary items for the same period a year ago. Net total income was INR 1,130.701 million, showing an increase of 59% over the total income for the corresponding quarter of previous year. The EBITDA of the company increased by 189% compared to the corresponding quarter of previous year.

On consolidated basis, for the nine months, the company reported net sales/income from operations (net of excise duty) of INR 2,930.978 million compared to INR 1,949.428 million a year ago. Profit from operations before other income and finance cost & exceptional items was INR 233.228 million compared to INR 130.352 million a year ago. Profit from ordinary activities before tax was INR 182.905 million compared to INR 107.370 million a year ago. Net profit was INR 154.947 million or INR 1.78 per diluted share after extraordinary items compared to INR 88.093 million or INR 1.31 per basic and diluted share after extraordinary items for the same period a year ago.

The company has expanded its Plant operations at Jammu and Senegal by implementing upgraded Plant & Machinery. The company is in the process of establishing a new plant in Gujarat. The company's Jaipur Plant is also under expansion of production capacity.