SIP Industries Ltd. announced unaudited earnings results for the first quarter ended December 31, 2011. For the quarter, the company reported net sales/income from operation of INR 1.304 million against INR 3.3 million in the same period of last year. Loss from operations before income, interest and exceptional items was INR 1.651 million against profit from operations before income, interest and exceptional items of INR 0.644 million in the same period of last year. Loss from ordinary activities before tax was INR 1.651 million against profit from ordinary activities before tax of INR 0.644 million in the same period of last year. Net loss was INR 1.651 million or INR 0.35 per basic and diluted share against net profit of INR 0.644 million or INR 0.14 per basic and diluted share for the same period of last year.