Oil Country Tubular Limited reported unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported net sales/income from operations was INR 1,129.417 million against INR 1,070.493 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 157.297 million against INR 247.613 million a year ago. Profit from ordinary activities before tax was INR 115.903 million compared to INR 196.843 million for the same period a year ago. Net profit was INR 108.132 million or INR 2.44 basic and diluted earnings per share against INR 81.609 million or INR 1.85 basic and diluted earnings per share a year ago.

For nine months, the company reported net sales/income from operations was INR 2,460.308 million against INR 3,887.040 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 96.514 million against INR 613.718 million a year ago. Loss from ordinary activities before tax was INR 22.875 million compared to profit from ordinary activities before tax of INR 513.613 million for the same period a year ago. Net loss was INR 41.798 million or INR 0.94 basic and diluted loss per share against net profit of INR 367.079 million or INR 8.06 basic and diluted earnings per share a year ago.