Walchandnagar Industries Ltd. reported standalone unaudited earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported net sales/income from operations (net excise duty) of INR 997.7 million against INR 1,284.1 million a year ago. Profit from operation before other income, financial cost and exceptional items was INR 43.7 million against INR 225.3 million a year ago. Loss from ordinary activities before tax was INR 168.3 million against profit from ordinary activities before tax INR 39.5 million a year ago. Net loss for the period was INR 168.3 million or INR 4.42 per basic and diluted per share (before and after extraordinary items) against net profit for the period of INR 39.5 million or INR 1.04 per basic and diluted per share (before and after extraordinary items) a year ago. For the nine months the company reported net sales/income from operations (net excise duty) of INR 2,738.7 million, profit from operation before other income, financial cost and exceptional items was INR 226.4 million, Loss from ordinary activities before tax was INR 327.1 million and net loss for the period of INR 390.3 million or INR 5.84 per basic and diluted per share (before and after extraordinary items).