Polyspin Exports Ltd. announced unaudited financial results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported profit from operations before other income, finance costs & exceptional items of INR 21.809 million against INR 12.080 million for the same period of last year. Profit from ordinary activities before tax was INR 14.068 million against INR 4.295 million for the same period of last year. Net profit for the period was INR 9.188 million or INR 2.30 per basic and diluted share against INR 2.957 million or INR 0.74 per basic and diluted share for the same period of last year. Net sales/income from operations was INR 293.658 million against INR 226.961 million for the same period of last year. Total income from operations was INR 299.183 million against INR 227.932 million for the same period of last year.

For nine months, the company reported profit from operations before other income, finance costs & exceptional items of INR 57.417 million against INR 31.689 million for the same period of last year. Profit from ordinary activities before tax was INR 35.689 million against INR 9.228 million for the same period of last year. Net profit for the period was INR 24.109 million or INR 6.03 per basic and diluted share against INR 6.376 million or INR 1.59 per basic and diluted share for the same period of last year. Net sales/income from operations was INR 846.212 million against INR 632.452 million for the same period of last year. Total income from operations was INR 869.200 million against INR 635.206 million for the same period of last year.