Onward Technologies Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2016. For the nine months, on consolidated basis, the company reported net sales of INR 1,654.575 million compared with INR 1,470.380 million for the same period last year. Profit from operation before other income, financial costs and exceptional items was INR 61.810 million compared with INR 82.249 million for the same period last year. Profit from ordinary activities before tax was INR 59.491 million compared with INR 65.134 million for the same period last year. Net profit for the period was INR 52.178 million or INR 3.24 diluted per share compared with INR 63.831 million or INR 4.11 diluted per share for the same period last year. For the third quarter, on standalone basis, the company reported net sales of INR 237.861 million compared with INR 225.544 million for the same period last year. Profit from operation before other income, financial costs and exceptional items was INR 8.072 million compared with INR 23.676 million for the same period last year. Profit from ordinary activities before tax was INR 15.273 million compared with INR 22.826 million for the same period last year. Net profit for the period was INR 9.995 million or INR 0.62 diluted per share compared with INR 22.826 million or INR 1.46 diluted per share for the same period last year. For the nine months, on standalone basis, the company reported net sales of INR 703.028 million compared with INR 684.016 million for the same period last year. Profit from operation before other income, financial costs and exceptional items was INR 24.629 million compared with INR 66.351 million for the same period last year. Profit from ordinary activities before tax was INR 45.705 million compared with INR 57.672 million for the same period last year. Net profit for the period was INR 40.427 million or INR 2.51 diluted per share compared with INR 57.672 million or INR 3.71 diluted per share for the same period last year.