MVL Industries Ltd. announced unaudited standalone earnings results for the first quarter ended December 31, 2012. For the quarter, the company reported net sales of INR 22.760 million against INR 968.272 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 27.803 million against profit from operations before other income, finance costs and exceptional items of INR 87.182 million a year ago.

Loss from ordinary activities before tax was INR 289.746 million against profit from ordinary activities before tax of INR 26.770 million a year ago. Net loss for the period was INR 289.712 million against net profit for the period of INR 18.237 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 11.00 against basic and diluted earnings per share before and after extraordinary items of INR 0.69 a year ago.