Indowind Energy Limited reported unaudited stand-alone and consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, on stand-alone basis, the company reported net sales/income from operations was INR 12.693 million against INR 29.774 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 12.74 million against profit of INR 4.344 million a year ago. Profit from ordinary activities before tax was INR 0.265 million compared to INR 0.752 million for the same period a year ago. Net profit was INR 0.265 million or INR 0.00 basic and diluted per share against net loss of INR 9.152 million or INR 0.02 basic and diluted loss per share a year ago.

For nine months, on stand-alone basis, the company reported net sales/income from operations was INR 173.638 million against INR 212.333 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 19.673 million against INR 53.521 million a year ago. Profit from ordinary activities before tax was INR 4.837 million compared to INR 19.015 million for the same period a year ago. Net profit was INR 4.837 million or INR 0.05 basic and diluted per share against net loss of INR 3.497 million or INR 0.21 basic and diluted loss per share a year ago.

For the quarter, on consolidated basis, the company reported net sales/income from operations was INR 19.834 million against INR 33.095 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 11.795 million against profit of INR 5.735 million a year ago. Profit from ordinary activities before tax was INR 1.166 million compared to INR 2.143 million for the same period a year ago. Net profit was INR 1.166 million or INR 0.01 basic and diluted per share against net loss of INR 9.853 million or INR 0.10 basic and diluted per share a year ago.

For the nine months, on consolidated basis, the company reported net sales/income from operations was INR 200.131 million against INR 227.634 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 20.983 million against INR 57.241 million a year ago. Profit from ordinary activities before tax was INR 6.103 million compared to INR 22.735 million for the same period a year ago. Net profit was INR 6.103 million or INR 0.07 basic and diluted per share against net profit of INR 0.223 million or INR 0.00 basic and diluted per share a year ago.