V2 Retail Limited reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales (net of excise duty) of INR 357.909 million compared to INR 160.288 million a year ago. Profit from operations before other income, interest and exceptional items were INR 25.589 million compared to loss of INR 21.459 million a year ago. Profit from ordinary activities before tax was INR 15.076 million compared to loss of INR 35.690 million a year ago. Net profit was INR 9.7 million or INR 0.43 per diluted share compared to net loss of INR 21.770 million or INR 9.99 per diluted share a year ago.

For nine months, the company reported net sales (net of excise duty) of INR 796.528 million compared to INR 278.770 million a year ago. Profit from operations before other income, interest and exceptional items were INR 9.948 million compared to loss of INR 76.056 million a year ago. Loss from ordinary activities before tax was INR 24.707 million compared to INR 138.216 million a year ago. Net profit was INR 18.049 million or INR 0.81 per diluted share compared to net loss of INR 293.354 million or INR 12.12 per diluted share a year ago.