Mount Shivalik Industries Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported net sales of INR 14.303 million against INR 14.148 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 13.616 million against INR 38.408 million a year ago. Loss from ordinary activities before tax was INR 30.761 million against INR 54.102 million a year ago. Net loss for the period was INR 30.763 million against INR 29.318 million a year ago. Basic and diluted loss per share was INR 5.09 against INR 4.85 a year ago. For the nine months, the company reported net sales of INR 27.053 million against INR 42.109 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 46.336 million against INR 72.809 million a year ago. Loss from ordinary activities before tax was INR 96.538 million against INR 5.227 million a year ago. Net loss for the period was INR 78.828 million against net profit for the period of INR 4.017 million a year ago. Basic and diluted loss per share was INR 13.04 against basic and diluted earnings per share of INR 0.66 a year ago.