Shree Bhawani Paper Mills Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 7.7 million compared to INR 232.3 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 42.3 million compared to loss from operations before other income, finance cost and exceptional items of INR 90.9 million a year ago. Loss from ordinary activities before tax was INR 93.8 million compared to loss from ordinary activities before tax of INR 63.6 million a year ago. Net loss for the period was INR 93.8 million or INR 2.70 per basic and diluted share compared to net loss for the period of INR 63.6 million or INR 1.83 per basic and diluted share a year ago.

For the nine months, the company reported net sales/income from operations of INR 280.3 million compared to INR 813.0 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 178.4 million compared to loss from operations before other income, finance cost and exceptional items of INR 132.8 million a year ago. Loss from ordinary activities before tax was INR 323.7 million compared to loss from ordinary activities before tax of INR 224.9 million a year ago. Net loss for the period was INR 323.7 million or INR 9.30 per basic and diluted share compared to net loss for the period of INR 224.9 million or INR 6.46 per basic and diluted share a year ago.