Gemini Communication Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the quarter on standalone basis, net sales/income from operation was INR 24.486 million against INR 139.800 million a year ago. Loss from operation before other income, finance cost and exceptional item was INR 10.000 million against INR 52.200 million a year ago. Loss from ordinary activities before tax was INR 8.481 million against INR 61.400 million a year ago. Net loss was INR 8.481 million or INR 0.07 per basic and diluted share against INR 61.400 million or INR 0.50 per basic and diluted share a year ago.

For the nine months on standalone basis, net sales/income from operation was INR 90.140 million against INR 362.500 million a year ago. Loss from operation before other income, finance cost and exceptional item was INR 35.252 million against INR 134.500 million a year ago. Loss from ordinary activities before tax was INR 33.566 million against INR 160.800 million a year ago. Net loss was INR 33.566 million or INR 0.27 per basic and diluted share against INR 160.800 million or INR 1.30 per basic and diluted share a year ago.

For the quarter on consolidated basis, net sales/income from operation was INR 24.700 million against INR 140.700 million a year ago. Loss from operation before other income, finance cost and exceptional item was INR 9.698 million against INR 73.900 million a year ago. Loss from ordinary activities before tax was INR 8.179 million against INR 83.100 million a year ago. Net loss was INR 8.179 million or INR 0.07 per basic and diluted share against INR 83.100 million or INR 0.67 per basic and diluted share a year ago.

For the nine months on consolidated basis, net sales/income from operation was INR 91.737 million against INR 365.600 million a year ago. Loss from operation before other income, finance cost and exceptional item was INR 64.802 million against INR 203.300 million a year ago. Loss from ordinary activities before tax was INR 63.083 million against INR 243.400 million a year ago. Net loss was INR 63.083 million or INR 0.51 per basic and diluted share against INR 243.400 million or INR 1.96 per basic and diluted share a year ago.