Facor Steels Ltd. announced unaudited standalone financial results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported net sales of nil against INR 2.199 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 11.466 million against INR 19.051 million a year ago. Loss from ordinary activities before tax was INR 20.086 million against INR 28.367 million a year ago. Loss for the period was INR 20.086 million or INR 0.10 per basic and diluted share before and after extraordinary items against INR 28.367 million or INR 0.14 per basic and diluted share before and after extraordinary items a year ago. For the nine months, the company reported net sales of INR 1.349 million against INR 12.422 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 38.114 million against INR 68.761 million a year ago. Loss from ordinary activities before tax was INR 65.013 million against INR 99.972 million a year ago. Loss for the period was INR 65.013 million or INR 0.31 per basic and diluted share before and after extraordinary items against INR 99.972 million or INR 0.48 per basic and diluted share before and after extraordinary items a year ago.