Photon Capital Advisors Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported loss from operations before other income, finance costs and exceptional items of INR 2.386 million compared to INR 41.960 million a year ago. Loss from ordinary activities before tax was INR 2.155 million against INR 40.682 million a year ago. Net loss for the period was INR 2.155 million or INR 1.42 per basic and diluted share before and after extraordinary items compared to INR 40.682 million or INR 26.88 per basic and diluted share before and after extraordinary items a year ago.

For the nine months, the company reported net sales/income from operations of INR 16.779 million compared to INR 9.598 million a year ago. Loss from operations before other income, finance costs and exceptional items of INR 18.844 million compared to INR 62.376 million a year ago. Loss from ordinary activities before tax was INR 17.315 million against INR 56.934 million a year ago. Net loss for the period was INR 56.934 million or INR 11.44 per basic and diluted share before and after extraordinary items compared to of INR 56.934 million or INR 37.61 per basic and diluted share before and after extraordinary items a year ago.