Garg Furnace Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company's net sales were INR 513.365 million against INR 467.841 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 14.192 million against INR 1.708 million a year ago. Profit from ordinary activities before tax was INR 2.414 million against INR 7.263 million a year ago. Net profit was INR 3.750 million or INR 0.94 basic and diluted earnings per share against INR 5.790 million or INR 1.44 basic and diluted earnings per share a year ago. For the nine months, the company's net sales were INR 1,503.733 million against INR 1,391.607 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 55.828 million against INR 24.193 million a year ago. Profit from ordinary activities before tax was INR 11.250 million against INR 10.774 million a year ago. Net profit was INR 9.060 million or INR 2.26 basic and diluted earnings per share against INR 8.627 million or INR 2.15 basic and diluted earnings per share a year ago.

Garg Furnace Ltd. reported unaudited earnings results for the second quarter and six months ended September 30, 2012. For the quarter, the company reported income from operations of INR 499.679 million compared to INR 467.841 million a year ago. Profit from operations before other income, finance costs and exceptional was INR 25.857 million compared to INR 1.708 million a year ago. Profit from ordinary activities before tax was INR 6.856 million compared to INR 7.263 million a year ago. Profit for the period was INR 3.733 million or INR 0.93 per basic and diluted share before extraordinary items compared to INR 5.790 million or INR 1.44 per basic and diluted share before extraordinary items a year ago. For the half year period, the company reported income from operations of INR 990.368 million compared to INR 1,058.036 million a year ago. Profit from operations before other income, finance costs and exceptional was INR 41.636 million compared to INR 10.539 million a year ago. Profit from ordinary activities before tax was INR 8.836 million compared to INR 10.281 million a year ago. Profit for the period was INR 5.310 million or INR 1.32 per basic and diluted share before extraordinary items compared to INR 8.232 million or INR 2.05 per basic and diluted share before extraordinary items a year ago.

Garg Furnace Ltd, Annual General Meeting, Sep 29, 2012.