Nava Bharat Ventures Limited reported unaudited earnings results for the third quarter and nine months ended December 30, 2012. For the quarter, the company reported profit after tax of INR 571.5 million compared to INR 325.0 million a year ago. Total income was INR 2,657.3 million compared to INR 2,336.2 million a year ago. The increase was on account of robust merchant power realizations coupled with higher volumes, notwithstanding the fall in generation in Odisha on account of maintenance outage and lower average realizations. Diluted EPS was INR 6.40. Profit from operations before other income, finance costs and exceptional items was INR 578.242 million against INR 280.929 million for the same period a year ago. Profit from ordinary activities before tax was INR 687.347 million against INR 427.126 million for the same period a year ago.

For the nine months period, the company's total income was 8,313.8 million, an increase by 14% while the profit after tax stood at INR 1,846.8 million reflecting a 70% increase over that in the corresponding period. The diluted EPS was INR 20.68. Net profit was INR 1846.851 million against INR 1,084.641 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,813.646 million against INR 982.948 million for the same period a year ago. Profit from ordinary activities before tax was INR 2,157.806 million against INR 1,336.124 million for the same period a year ago.