PNB Gilts Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales of INR 676.088 million, profit from operations before other income, finance costs and exceptional items of INR 748.913 million, profit from ordinary activities before tax of INR 225.159 million and net profit after taxes, minority interest and share of profit of associates of INR 155.636 million or INR 1.15 per diluted share (after extraordinary items) compared to net sales of INR 399.864 million, profit from operations before other income, finance costs and exceptional items of INR 381.460 million, profit from ordinary activities before tax of INR 53.559 million and net profit after taxes, minority interest and share of profit of associates of INR 41.636 million or INR 0.31 per diluted share (after extraordinary items) reported in the same period last year.

For the nine months, the company reported net sales of INR 2,146.847 million, profit from operations before other income, finance costs and exceptional items of INR 2,096.377 million, profit from ordinary activities before tax of INR 672.259 million and net profit after taxes, minority interest and share of profit of associates of INR 465.484 million or INR 3.45 per diluted share (after extraordinary items) compared to net sales of INR 921.449 million, profit from operations before other income, finance costs and exceptional items of INR 881.305 million, profit from ordinary activities before tax of INR 66.317 million and net profit after taxes, minority interest and share of profit of associates of INR 53.306 million or INR 0.39 per diluted share (after extraordinary items) reported in the same period last year.