Indian yarn, fabric and denim maker Century Textiles & Industries has posted a 64% slump in third quarter profit, hurt by lower sales during the period.

Net profit for the three months to 31 December dropped to INR213.6m (US$4.69m), down from INR596.4m in the same period a year earlier. Revenue, meanwhile, fell 5.9% to INR10.98bn from INR11.67bn last time.