Tata Sponge Iron Limited reported audited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company's net sales/income from operations was INR 1,387.8 million compared with INR 2,071.8 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 11.0 million compared with profit from operations before other income, finance cost and exceptional items of INR 148.5 million a year ago. Profit from ordinary activities before tax was INR 65.9 million compared with INR 220.6 million a year ago. Net profit was INR 52.4 million or INR 3.40 per basic and diluted share before and after extraordinary items compared with INR 165.1 million or INR 10.72 per basic and diluted share before and after extraordinary items a year ago.

For the nine months, the company's net sales/income from operations was INR 4,314.2 million compared with INR 6,063.8 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 22.2 million compared with profit from operations before other income, finance cost and exceptional items of INR 921.0 million a year ago. Profit from ordinary activities before tax was INR 228.1 million compared with INR 1,209.8 million a year ago. Net profit was INR 180.2 million or INR 11.70 per basic and diluted share before and after extraordinary items compared with INR 833.2 million or INR 54.11 per basic and diluted share before and after extraordinary items a year ago.