Sterling International Enterprises Ltd. announced unaudited consolidated and standalone earnings results for the second quarter and six months ended December 31, 2012. For the quarter, on consolidated basis, the company reported net sales/income from operations of INR 662.786 million compared to INR 1,860.409 million a year ago. Total income from operations was INR 663.270 million compared to INR 1,862.036 million a year ago. Profit from operations before other income and finance costs was INR 22.434 million compared to INR 250.303 million a year ago. Profit from ordinary activities after finance costs but before tax was INR 9.104 million compared to INR 239.487 million a year ago. Net profit from ordinary activities after tax was INR 8.979 million compared to INR 239.087 million a year ago. EPS was INR 0.03 compared to INR 0.88 a year ago.

For the six months, on consolidated basis, the company reported net sales/income from operations of INR 1,267.284 million compared to INR 6,752.086 million a year ago. Total income from operations was INR 1,268.271 million compared to INR 6,755.554 million a year ago. Profit from operations before other income and finance costs was INR 1.585 million compared to INR 0.657 million a year ago. Profit from ordinary activities after finance costs but before tax was INR 21.005 million compared to INR 1,058.672 million a year ago. Net profit from ordinary activities after tax was INR 20.805 million compared to INR 1,057.972 million a year ago. EPS was INR 0.08 compared to INR 3.90 a year ago.

For the quarter, on standalone basis, the company reported net sales/income from operations of INR 20.482 million compared to INR 18.547 million a year ago. Total income from operations was INR 20.482 million compared to INR 18.647 million a year ago. Profit from operations before other income and finance costs was INR 13.734 million compared to INR 12.283 million a year ago. Profit from ordinary activities after finance costs but before tax was INR 0.404 million compared to INR 1.467 million a year ago. Net profit from ordinary activities after tax was INR 0.279 million compared to INR 1.067 million a year ago.

For the six months, on standalone basis, the company reported net sales/income from operations of INR 40.355 million compared to INR 36.313 million a year ago. Total income from operations was INR 40.355 million compared to INR 36.321 million a year ago. Profit from operations before other income and finance costs was INR 26.853 million compared to INR 23.392 million a year ago. Profit from ordinary activities after finance costs but before tax was INR 0.641 million compared to INR 2.558 million a year ago. Net profit from ordinary activities after tax was INR 0.441 million compared to INR 1.858 million a year ago.