VXL Instruments Ltd. announced unaudited standalone financial results for the third quarter and nine months ended Dec. 31, 2015. For the quarter, the company reported loss from operations before other income, finance cost & exceptional items of INR 35 million against profit of INR 2.7 million for the same period of last year. Loss from ordinary activities before tax was INR 37.8 million against profit of INR 3.3 million for the same period of last year. Net loss for the period was INR 37.8 million or INR 2.83 per basic and diluted share against profit of INR 2.3 million or INR 0.17 per basic and diluted share for the same period of last year. Net sales/income from operations (net of excise duty) were INR 147.6 million against INR 195 million for the same period of last year.

For the quarter, the company reported loss from operations before other income, finance cost & exceptional items of INR 74.5 million against profit of INR 10.3 million for the same period of last year. Loss from ordinary activities before tax was INR 79 million against profit of INR 11 million for the same period of last year. Net loss for the period was INR 79 million or INR 5.92 per basic and diluted share against profit of INR 7.6 million or INR 0.57 per basic and diluted share for the same period of last year. Net sales/income from operations (net of excise duty) were INR 445 million against INR 548 million for the same period of last year.