OCL Iron and Steel, Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales of INR 571.715 million against INR 795.250 million a year ago. Profit before finance cost and exceptional items was INR 26.397 million against INR 87.632 million a year ago. Profit from ordinary activities before tax was INR 7.479 million against INR 67.097 million a year ago. Net profit for the period was INR 0.850 million against INR 56.596 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 0.01 against INR 0.42 a year ago. For the nine months, the company reported net sales of INR 1,856.701 million against INR 2,226.570 million a year ago. Profit before finance cost and exceptional items was INR 88.929 million against INR 184.872 million a year ago. Profit from ordinary activities before tax was INR 23.280 million against INR 115.881 million a year ago. Net profit for the period was INR 19.705 million against INR 103.071 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 0.15 against INR 0.77 a year ago.

OCL Iron and Steel, Ltd., Board Meeting, Feb 11, 2013. Agenda: To consider quarterly results.

OCL Iron and Steel, Ltd. announced that Chetan Vimal Kumar Shah has resigned from the Board.