Facor Steels Ltd. announced unaudited financial results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported income from operations of INR 255.286 million against INR 409.103 million a year ago. Loss from operations before other income, interest expense and exceptional items was INR 39.43 million against INR 65.225 million a year ago. Loss from ordinary activities before tax was INR 60.48 million against INR 89.535 million a year ago. Loss for the period was INR 60.48 million or INR 0.29 per diluted share against INR 77.895 million or INR 0.38 per diluted share a year ago.

For the nine months, the company reported income from operations of INR 327.586 million against INR 2,223.77 million a year ago. Loss from operations before other income, interest expense and exceptional items was INR 154.049 million against INR 130.522 million a year ago. Loss from ordinary activities before tax was INR 205.893 million against INR 199.957 million a year ago. Loss for the period was INR 205.893 million or INR 1 per diluted share against INR 165.037 million or INR 0.80 per diluted share a year ago.