Gemini Communication Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the parent company reported net sales of INR 96.210 million, loss from operations before other income, finance costs and exceptional items of INR 48.497 million, loss from ordinary activities before tax of INR 64.231 million and net profit of INR 64.231 million or INR 0.52 per basic diluted share (after extraordinary items) compared to net sales of INR 292.046 million, profit from operations before other income, finance costs and exceptional items of INR 65.727 million, profit from ordinary activities before tax of INR 0.771 million and net profit of INR 0.771 million or INR 0.01 per basic and diluted share (after extraordinary items) reported in the same period last year.

For the nine months, the parent company reported net sales of INR 309.516 million, loss from operations before other income, finance costs and exceptional items of INR 144.398 million, loss from ordinary activities before tax of INR 179.705 million and net profit of INR 179.705 million or INR 1.45 per basic diluted share (after extraordinary items) compared to net sales of INR 1,008.081 million, profit from operations before other income, finance costs and exceptional items of INR 176.049 million, profit from ordinary activities before tax of INR 4.046 million and net profit of INR 4.046 million or INR 0.03 per basic and diluted share (after extraordinary items) reported in the same period last year.

For the quarter, the group reported net sales of INR 96.210 million, loss from operations before other income, finance costs and exceptional items of INR 75.060 million, loss from ordinary activities before tax of INR 90.794 million and net profit after taxes, minority interest and share of associates of INR 90.794 million or INR 0.73 per basic diluted share (after extraordinary items) compared to net sales of INR 499.627 million, profit from operations before other income, finance costs and exceptional items of INR 139.856 million, profit from ordinary activities before tax of INR 30.609 million and net profit after taxes, minority interest and share of associates of INR 30.609 million or INR 0.25 per basic and diluted share (after extraordinary items) reported in the same period last year.

For the nine months, the group reported net sales of INR 574.675 million, loss from operations before other income, finance costs and exceptional items of INR 183.921 million, loss from ordinary activities before tax of INR 223.001 million and net profit after taxes, minority interest and share of associates of INR 223.001 million or INR 1.80 per basic diluted share (after extraordinary items) compared to net sales of INR 1,753.158 million, profit from operations before other income, finance costs and exceptional items of INR 387.213 million, profit from ordinary activities before tax of INR 191.645 million and net profit after taxes, minority interest and share of associates of INR 191.645 million or INR 1.55 per basic and diluted share (after extraordinary items) reported in the same period last year.