Facor Steels Ltd. announced unaudited standalone financial results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported net sales of INR 2.199 million against INR 1.640 million a year ago. Loss from operations before other income, interest expense and exceptional items was INR 19.051 million against INR 44.503 million a year ago. Loss from ordinary activities before tax was INR 28.367 million against INR 60.798 million a year ago. Loss for the period was INR 28.367 million or INR 0.14 per basic and diluted share before and after extraordinary items against INR 60.798 million or INR 0.29 per basic and diluted share before and after extraordinary items a year ago.

For the nine months, the company reported net sales of INR 12.422 million against INR 296.060 million a year ago. Loss from operations before other income, interest expense and exceptional items was INR 68.762 million against INR 173.677 million a year ago. Loss from ordinary activities before tax was INR 99.973 million against INR 231.194 million a year ago. Loss for the period was INR 99.973 million or INR 0.48 per basic and diluted share before and after extraordinary items against INR 231.194 million or INR 1.12 per basic and diluted share before and after extraordinary items a year ago.