Shree Bhawani Paper Mills Ltd. reported unaudited earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported total income from operations of INR 288.8 million compared to INR 294.0 million a year ago. Loss from operations before other income, interest and exceptional items was INR 29.6 million compared to INR 87.0 million a year ago. Loss from ordinary activities before tax was INR 93.0 million compared to INR 132.1 million a year ago. Net loss was INR 93.0 million or INR 2.67 per basic and diluted per share before and after extraordinary items (not annualized) compared to INR 132.1 million or INR 3.79 per basic and diluted per share before and after extraordinary items (not annualized) a year ago.

For the nine months period, the company reported total income from operations of INR 682.8 million compared to INR 1,062.7 million a year ago. Loss from operations before other income, interest and exceptional items was INR 83.3 million compared to INR 223.5 million a year ago. Loss from ordinary activities before tax was INR 352.0 million compared to INR 348.6 million a year ago. Net loss was INR 352.0 million or INR 10.11 per basic and diluted per share before and after extraordinary items (not annualized) compared to INR 211.2 million or INR 6.06 per basic and diluted per share before and after extraordinary items (not annualized) a year ago.