SIP Industries Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, loss from operations before other income, finance cost and exceptional items was INR 0.273 million compared with INR 0.418 million a year ago. Loss from ordinary activities before tax was INR 0.273 million compared with INR 0.418 million a year ago. Net loss was INR 0.273 million or INR 0.06 per basic and diluted share compared with profit of INR 0.418 million or INR 0.09 per basic and diluted share a year ago.

For the nine months, loss from operations before other income, finance cost and exceptional items was INR 3.045 million compared with INR 4.790 million a year ago. Loss from ordinary activities before tax was INR 3.045 million compared with INR 4.790 million a year ago. Net profit was INR 3.304 million or INR 0.71 per basic and diluted share compared with loss of INR 4.790 million or INR 1.02 per basic and diluted share a year ago.