Fortune Financial Services (India) Ltd. announced that Mr. Chintan Valia has been appointed as an Additional Director with effect from March 25, 2013.

Fortune Financial Services (India) Ltd. informed that Board of Directors of the company at its meeting held on February 06, 2013, have taken note on the resignation by Mr. Sanjay Kothari an Independent Director of the company and the resignation by Mr. C R. Mehta as an Independent Director of the company.

Fortune Financial Services (India) Ltd. reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, on standalone basis, the company reported income from operations of INR 3.845 million compared to INR 16.018 million a year ago. Loss from operations before other income and finance costs was INR 9.099 million compared to profit from operations before other income and finance costs of INR 5.442 million a year ago. Loss from ordinary activities before tax was INR 10.675 million compared to profit from ordinary activities before tax of INR 8.220 million a year ago. Net loss from ordinary activities after tax was INR 10.629 or INR 0.83 per basic and diluted share compared to net profit from ordinary activities after tax of INR 5.220 million or INR 0.41 per basic and diluted share a year ago. Revenue was INR 3.907 million against INR 19.237 million a year ago. For the nine months, on standalone basis, the company reported income from operations of INR 14.953 million compared to INR 43.868 million a year ago. Loss from operations before other income and finance costs was INR 20.181 million compared to profit from operations before other income and finance costs of INR 5.205 million a year ago. Loss from ordinary activities before tax was INR 21.057 million compared to profit from ordinary activities before tax of INR 8.368 million a year ago. Net loss from ordinary activities after tax was INR 20.975 or INR 1.63 per basic and diluted share compared to net profit from ordinary activities after tax of INR 5.861 million or INR 0.46 per basic and diluted share a year ago. Revenue was INR 16.793 million against INR 49.637 million a year ago. For the quarter, on consolidated basis, the company reported income from operations of INR 159.224 million compared to INR 192.875 million a year ago. Loss from operations before other income and finance costs was INR 3.429 million compared to profit from operations before other income and finance costs of INR 12.510 million a year ago. Loss from ordinary activities before tax was INR 17.821 million compared to loss from ordinary activities before tax of INR 26.980 million a year ago. Net loss from ordinary activities after tax was INR 15.901 or INR 1.23 per basic and diluted share compared to net loss from ordinary activities after tax of INR 21.670 million or INR 1.70 per diluted share a year ago. Revenue was INR 166.612 million against INR 197.416 million a year ago. For the nine months, on consolidated basis, the company reported income from operations of INR 464.153 million compared to INR 609.154 million a year ago. Profit from operations before other income and finance costs was INR 10.245 million compared to profit from operations before other income and finance costs of INR 79.380 million a year ago. Loss from ordinary activities before tax was INR 58.121 million compared to loss from ordinary activities before tax of INR 17.717 million a year ago. Net loss from ordinary activities after tax was INR 53.427 or INR 4.15 per basic and diluted share compared to net loss from ordinary activities after tax of INR 19.909 million or INR 1.56 per diluted share a year ago. Revenue was INR 484.628 million against INR 621.270 million a year ago.