Bharat Seats Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported net sales of INR 1,414.674 million compared with INR 1,614.753 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 49.130 million compared with INR 52.133 million for the same period a year ago. Profit from ordinary activities before tax was INR 32.081 million compared with INR 33.250 million for the same period a year ago. Net profit was INR 20.689 million or INR 0.66 per basic and diluted share compared with INR 39.960 million or INR 1.27 per basic and diluted share for the same period a year ago.

For the nine months, the company reported net sales of INR 4,044.494 million compared with INR 4,448.076 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 110.458 million compared with INR 81.257 million for the same period a year ago. Profit from ordinary activities before tax was INR 65.518 million compared with INR 33.774 million for the same period a year ago. Net profit was INR 49.787 million or INR 1.59 per basic and diluted share compared with INR 28.767 million or INR 0.92 per basic and diluted share for the same period a year ago.