Usha Martin Limited announced consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, on consolidated basis, the company reported net sales of INR 9,653.8 million compared to INR 8,890.5 million for the same period a year ago. EBIDTA was INR 2,308.2 million compared to INR 1,953.4 million for the same period a year ago. Profit before tax was INR 260 million compared to INR 382.7 million for the same period a year ago. Profit after tax was INR 154.3 million compared to INR 304.1 million for the same period a year ago. Annualised earnings per share was INR 2.04 compared to INR 3.99 for the same period a year ago.

For the nine months, on consolidated basis, the company reported net sales of INR 28,212.7 million compared to INR 26,741.2 million for the same period a year ago. EBIDTA was INR 6,073.8 million compared to INR 5,127.9 million for the same period a year ago. Profit before tax was INR 494.3 million compared to INR 739.0 million for the same period a year ago. Profit after tax was INR 203.8 million compared to INR 567.3 million for the same period a year ago. Annualised earnings per share was INR 0.89 compared to INR 2.48 for the same period a year ago.

For the quarter, on standalone basis, the company reported net sales of INR 8,279.1 million compared to INR 7,397.3 million for the same period a year ago. EBIDTA was INR 1,951.3 million compared to INR 1,507.0 million for the same period a year ago. Profit before tax was INR 14.7 million compared to INR 39.8 million for the same period a year ago. Profit after tax was INR 9.9 million compared to INR 24.4 million for the same period a year ago. Annualised earnings per share was INR 0.12 compared to INR 0.32 for the same period a year ago.

For the nine months, on standalone basis, the company reported net sales of INR 22,774.5 million compared to INR 22,429.3 million for the same period a year ago. EBIDTA was INR 5,339.0 million compared to INR 4,066.9 million for the same period a year ago. Profit before tax was INR 85.1 million compared to loss before tax of INR 30.6 million for the same period a year ago. Profit after tax was INR 48.9 million compared to loss after tax of INR 19.5 million for the same period a year ago. Annualised earnings per share was INR 0.21 compared to loss per share of INR 0.08 for the same period a year ago.

The company also announced standalone operating results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported coal production of 211,212 MT compared to 120,564 MT for the same period a year ago. Iron Ore production was 442,929 MT compared to 470,455 MT for the same period a year ago. Billet production was 185,063 MT compared to 150,207 MT for the same period a year ago. Rolled products production was 130,076 MT compared to 135,677 MT for the same period a year ago. VA products production was 56,305 MT compared to 48,825 MT for the same period a year ago.

For the nine months, the company reported coal production of 565,692 MT compared to 397,632 MT for the same period a year ago. Iron Ore production was 1,410,310 MT compared to 1,298,995 MT for the same period a year ago. Billet production was 465,218 MT compared to 435,442 MT for the same period a year ago. Rolled products production was 366,066 MT compared to 408,097 MT for the same period a year ago. VA products production was 162,971 MT compared to 149,636 MT for the same period a year ago.