The result was announced after trading hours on Tuesday, 7 February 2012.

Meanwhile, the BSE Sensex was up 146.36 points, or 0.83%, to 17,768.81.

On BSE, 16,000 shares were traded in the counter as against an average daily volume of 1 lakh shares in the past one quarter.

The stock had hit a 52-week low of Rs 99.80 on 23 December 2011. The stock had hit a 52-week high of Rs 793 on 21 February 2011.

The stock had outperformed the market over the past one month until 7 February 2012, gaining 24.46% compared with the Sensex's 11.19% rise. The scrip had, however, underperformed the market in past one quarter, falling 56.60% as against 0.34% rise in the Sensex.

The small-cap construction company has an equity capital of Rs 14.84 crore. Face value per share is Rs 10.

Net sales declined 23.24% to Rs 232.31 crore in Q3 December 2011 over Q3 December 2010.

ARSS Infrastructure Projects said in a statement that during the quarter there was substantial increase in the input costs without corresponding increase in the revenue. Further, the company had to incur certain fixed and supervision overheads for the projects in which work had stopped due to various reasons. Due to these reasons, the company said it faced liquidity constraints and requested lenders for a comprehensive restructuring of its debt obligations through corporate debt restructuring (CDR) mechanism. The company's proposal was admitted to the CDR forum in its meeting held on 30 January 2012.

ARSS Infrastructure Projects offers construction services. The company builds railway infrastructure, roads, highways, bridges, and irrigation projects.