Marathwada Refractories Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported total income from operations of INR 7,017,000 against INR 6,166,000 for the same period last year. Profit from operations before other income, finance costs and exceptional items was INR 5,163,000 against INR 2,084,000 for the same period last year. Profit from ordinary activities before tax was INR 5,163,000 against INR 2,084,000 for the same period last year. Net profit for the period was INR 3,334,000 or INR 4.91 per basic and diluted share against INR 1,858,000 or INR 2.73 per basic and diluted share for the same period last year.

For the nine months, the company reported total income from operations of INR 22,201,000 against INR 13,504,000 for the same period last year. Profit from operations before other income, finance costs and exceptional items was INR 5,836,000 against loss from operations before other income, finance costs and exceptional items of INR 22,905,000 for the same period last year. Profit from ordinary activities before tax was INR 4,494,000 against loss from ordinary activities before tax of INR 22,950,000 for the same period last year. Net profit for the period was INR 3,260,000 or INR 4.80 per basic and diluted share against net loss for the period of INR 16,009,000 or INR 23.56 per diluted share for the same period last year.