Gujarat Cotex Ltd. reported audited standalone earnings results for the third quarter ended December 31, 2016. For the quarter, the company reported total income from operations of INR 14.516 million against INR 15.454 million a year ago. Loss from operations before other income, finance costs and exceptional items of INR 0.234 million against profit from operations before other income, finance costs and exceptional items of INR 0.231 million a year ago. Loss from ordinary activities before tax was INR 0.242 million against profit from ordinary activities before tax of INR 0.313 million a year ago. Net loss was INR 0.242 million or INR 0.03 per basic and diluted share before and after extraordinary items (not to be annualized) against net profit of INR 0.313 million or INR 0.04 per basic and diluted share before and after extraordinary items (not to be annualized) a year ago.