Gujarat Foils Ltd. announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported net sales/income from operations (excluding branch transfer) (net of excise duty) of INR 676.314 million against INR 935.738 million a year ago. Total income from operations (net) was INR 677.522 million against INR 936.397 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 8.862 million against INR 77.448 million a year ago. Loss from ordinary activities before tax was INR 68.922 million against profit from ordinary activities before tax of INR 15.544 million a year ago. Loss from ordinary activities after tax was INR 68.922 million against profit from ordinary activities after tax INR 10.166 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 8.40 against earnings per share before and after extraordinary items INR 1.24 a year ago. For the nine months, the company reported net sales/income from operations (excluding branch transfer) (net of excise duty) of INR 2,299.042 million against INR 3,394.900 million a year ago. Total income from operations (net) was INR 2,305.800 million against INR 3,402.276 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 79.085 million against INR 268.438 million a year ago. Loss from ordinary activities before tax was INR 159.334 million against profit from ordinary activities before tax of INR 65.277 million a year ago. Net loss from ordinary activities after tax was INR 159.334 million against profit of INR 42.691 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 19.43 against earnings per share before and after extraordinary items of INR 5.21 a year ago.