Vardhman Industries Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported net sales of INR 456.699 million, profit from operations before other income, finance costs and exceptional items of INR 34.896 million, profit from ordinary activities before tax of INR 7.499 million and net loss of INR 107.701 million or INR 0.95 per basic and diluted share (before and after extraordinary items) compared to net sales of INR 327.461 million, profit from operations before other income, finance costs and exceptional items of INR 25.066 million, profit from ordinary activities before tax of INR 9.796 million and net profit of INR 9.796 million or INR 1.24 per basic and diluted share (before and after extraordinary items) reported in the same period last year. For the nine months, the company reported net sales of INR 1,634.701 million, profit from operations before other income, finance costs and exceptional items of INR 45.899 million, profit from ordinary activities before tax of INR 20.922 million and net loss of INR 255.315 million or INR 2.65 per basic and diluted share (before and after extraordinary items) compared to net sales of INR 1,690.250 million, profit from operations before other income, finance costs and exceptional items of INR 70.186 million, profit from ordinary activities before tax of INR 25.941 million and net profit of INR 22.891 million or INR 2.90 per basic and diluted share (before and after extraordinary items) reported in the same period last year.