High Energy Batteries (India) Ltd. announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 37.768 million against INR 66.586 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 20.160 million against INR 17.765 million a year ago. Loss from ordinary activities before tax was INR 32.526 million against INR 33.587 million a year ago. Net loss for the period was INR 21.285 million or INR 11.87 per diluted share against INR 22.186 million or INR 12.38 per diluted share a year ago.

For the nine months, the company reported net sales/income from operations (net of excise duty) of INR 102.211 million against INR 281.199 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 85.105 million against INR 21.440 million a year ago. Loss from ordinary activities before tax was INR 153.577 million against INR 66.348 million a year ago. Net loss for the period was INR 104.503 million or INR 58.29 per diluted share against INR 43.883 million or INR 24.48 per diluted share a year ago.