TCI Developers Ltd. announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2014 and consolidated earnings results for the nine months ended December 31, 2014. For the quarter, the company reported standalone net sales/income from operations of INR 3.55 million against INR 2.73 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 0.798 million against INR 1.44 million a year ago. Loss from ordinary activities before tax was INR 0.826 million against INR 1.49 million a year ago. Net loss was INR 0.623 million or INR 0.17 basic and diluted per share against INR 0.896 million or INR 0.24 basic and diluted per share a year ago.

For the nine months, the company reported standalone net sales/income from operations of INR 10.4 million against INR 7.80 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 3.7 million against INR 5.87 million a year ago. Loss from ordinary activities before tax was INR 3.67 million against INR 5.93 million a year ago. Net loss was INR 2.60 million or INR 0.42 basic and diluted per share against INR 4.32 million or INR 0.36 basic and diluted per share a year ago.

For the nine months, the company reported consolidated net sales/income from operations of INR 62.5 million against INR 21.8 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 53.5 million against INR 6.29 million a year ago. Profit from ordinary activities before tax was INR 32.7 million against INR 6.2 million a year ago. Net profit was INR 26.7 million or INR 7.13 basic and diluted per share against INR 4.8 million or INR 1.25 basic and diluted per share a year ago.