Garware Marine Industries Ltd. reported unaudited earnings results for third quarter and nine months ended March 31, 2013. For the quarter, the company’s income from operations was INR 22.890 million compared to INR 25.795 million a year ago. Loss before other income, interest and exceptional items was INR 1.691 million compared to profit of INR 0.661 million a year ago. Loss from ordinary activities before tax was INR 1.758 million compared to profit of INR 1.137 million a year ago. Net loss was INR 1.758 million or INR 0.30 per basic share compared to profit of INR 1.015 million or INR 0.18 per basic share for the same period a year ago. For the nine months, the company’s income from operations was INR 77.061 million compared to INR 85.540 million a year ago. Loss before other income, interest and exceptional items was INR 2.039 million compared to profit of INR 0.625 million a year ago. Loss from ordinary activities before tax was INR 0.409 million compared to profit of INR 2.135 million a year ago. Net loss was INR 0.409 million or INR 0.07 per basic share compared to profit of INR 2.013 million or INR 0.35 per basic share for the same period a year ago.

Garware Marine Industries Ltd., Board Meeting, May 13, 2013. Agenda: To consider quarterly results.

Garware Marine Industries Ltd. reported that the company has lay-off at company's Factory at Ahmednagar with effective from April 22, 2013 till June 05, 2013.