PSL Ltd. reported standalone unaudited earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported net sales/income from operations (net excise duty) were INR 12.9 million compared with INR 141.4 million for the same period last year. Loss from operation before other income, financial cost and exceptional items was INR 594.5 million compared with INR 68.46 million for the same period last year. Profit from ordinary activities before tax was INR 594.5 million compared with INR 844.6 million for the same period last year. Net loss for the period was INR 594.5 million or INR 4.75 basic and diluted per share as compared with net loss for the period of INR 844.6 million or INR 8.54 basic and diluted per share for the same period last year. For nine months, the company reported net sales/income from operations (net excise duty) were INR 83.2 million compared with INR 668.5 million for the same period last year. Loss from operation before other income, financial cost and exceptional items was INR 1,397.2 million compared with INR 209.68 million for the same period last year. Loss from ordinary activities before tax was INR 1,397.2 million compared with INR 4,904.0 million for the same period last year. Net loss for the period was INR 1,397.2 million or INR 11.18 basic and diluted per share as compared with net loss for the period of INR 4,904.0 million or INR 49.57 basic and diluted per share for the same period last year.