Photon Capital Advisors Ltd. Announced unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported loss from operations before other income, finance costs and exceptional items of INR 41.960 million compared to INR 18.324 million a year ago. Loss from ordinary activities before tax was INR 40.682 million against INR 14.388 million a year ago. Net loss from ordinary activities after tax was INR 40.682 million or INR 26.88 per basic and diluted share before and after extraordinary items compared to INR 10.970 million or INR 7.25 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 9.598 million compared to INR 115.278 million a year ago. Loss from operations before other income, finance costs and exceptional items of INR 62.376 million compared to profit from operations before other income, finance costs and exceptional items of INR 104.200 million a year ago. Loss from ordinary activities before tax was INR 56.934 million against profit from ordinary activities before tax of INR 112.151 million a year ago. Net loss from ordinary activities after tax was INR 56.934 million or INR 37.61 per basic and diluted share before and after extraordinary items compared to net profit from ordinary activities after tax of INR 90.618 million or INR 59.87 per basic and diluted share before and after extraordinary items a year ago.