IFB Industries Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported net sales of INR 2,733.4 million against INR 2,633.1 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 106.7 million against INR 135.8 million a year ago. Profit from ordinary activities before tax was INR 114.8 million against INR 163.8 million a year ago. Net profit was INR 88.4 million against INR 119.9 million a year ago. Diluted earnings per share before and after extraordinary items were INR 2.18 against INR 2.96 a year ago.

For the nine months, the company reported net sales of INR 7,309.3 million against INR 6,867.8 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 124.1 million against INR 313.6 million a year ago. Profit from ordinary activities before tax was INR 165.2 million against INR 385.4 million a year ago. Net profit was INR 125.0 million against INR 273.6 million a year ago. Diluted earnings per share before and after extraordinary items were INR 3.09 against INR 6.98 a year ago.