Noesis Industries Limited announced unaudited standalone earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company's loss from operations before other income, finance costs and exceptional items was INR 3.1 million compared with INR 7.5 million a year ago. Loss from ordinary activities before tax was INR 7.5 million compared with INR 96.1 million a year ago. Net profit was INR 69.3 million or INR 2.63 per basic and diluted share compared with net loss of INR 96.1 million or INR 3.65 per basic and diluted share a year ago.

For the six months, the company's net sales/income from operations was INR 0.02 million compared with INR 0.99 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 6.6 million compared with INR 237.9 million a year ago. Loss from ordinary activities before tax was INR 93.2 million compared with INR 2,861.4 million a year ago. Net loss was INR 16.3 million or INR 0.62 per basic and diluted share compared with INR 2,859.3 million or INR 108.60 per basic and diluted share a year ago.