Malwa Cotton Spinning Mills Ltd. reported unaudited earnings results for the first quarter ended June 30, 2012. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 877.6 million against INR 1,019.8 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 28.8 million against profit from operations before other income, finance costs and exceptional items of INR 75.5 million a year ago.

Loss from ordinary activities before tax was INR 106.3 million against profit from ordinary activities before tax of INR 1.8 million a year ago. Net loss for the period was INR 106.3 million or INR 3.95 per diluted share before and after extraordinary items against net profit for the period of INR 1.8 million or INR 0.005 per diluted share before and after extraordinary items a year ago.