GTN Textiles Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operations of INR 565.5 million against INR 313.5 million a year ago. Total income from operations (net) was INR 577.7 million against INR 335.4 million a year ago. Profit before interest, depreciation, other income, exceptional items and tax was INR 41.7 million against INR 23.6 million a year ago. Loss from ordinary activities before tax was INR 6.5 million against INR 14.7 million a year ago. Net profit for the period was INR 6.5 million or INR 0.56 per basic and diluted share against INR 14.7 million or INR 1.26 per basic and diluted share a year ago.

For nine months, the company reported net sales/income from operations of INR 1,398.5 million against INR 997.1 million a year ago. Total income from operations (net) was INR 1,423.9 million against INR 1,031.1 million a year ago. Profit before interest, depreciation, other income, exceptional items and tax was INR 56.4 million against INR 92.4 million a year ago. Loss from ordinary activities before tax was INR 64.4 million against INR 18.5 million a year ago. Net profit for the period was INR 64.4 million or INR 5.53 per basic and diluted share against INR 18.5 million or INR 1.59 per basic and diluted share a year ago.