Sharp India Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, net sales/income from operations (net of excise duty) was INR 180.561 million against INR 199.835 million for the same period in the last year. Loss from operations before other income and finance costs was INR 6.189 million against INR 6.257 million for the same period in the last year. Loss after finance costs and before tax was INR 6.388 million against INR 7.170 million for the same period in the last year. Net loss after tax was INR 6.388 million against INR 7.170 million for the same period in the last year. Losses per basic and diluted share were INR 0.25 against INR 0.28 for the same period in the last year. For the nine months, net sales/income from operations (net of excise duty) was INR 588.145 million against INR 638.458 million for the same period in the last year. Loss from operations before other income and finance costs was INR 11.657 million against profit from operations before other income and finance costs of INR 0.578 million for the same period in the last year. Loss after finance costs and before tax was INR 13.922 million against INR 4.654 million for the same period in the last year. Net loss after tax was INR 13.922 million against INR 4.654 million for the same period in the last year. Loss per basic and diluted share was INR 0.54 against INR 0.18 for the same period in the last year.

Sharp India Ltd., Board Meeting, Feb 04, 2013. Agenda: To consider quarterly results.

Sharp India Ltd. has lined up more than INR 2,700 million investment to manufacture air-conditioners and plans to invest another INR 4,500 million for production of refrigerators and microwave ovens, with a strategy to gain significant market share in these categories. The new lines would be set up at its plant in Pune where it currently manufactures television.