I F B Industries announced a steep drop in standalone net profit for the quarter ended June 2015. During the quarter, the profit of the company declined 39.25% to Rs 105.40 million from Rs 173.50 million in the same quarter previous year.
Revenues for the quarter rose 21.13% to Rs 3,520.00 million, compared with Rs 2,906 million for the prior year period.
Operating margin for the quarter stood at 2.99 percent as compared to 7.26 percent for the previous year period. Operating Income for the quarter was Rs 105.30 million, compared with Rs 210.9 million in the previous year period.
Earnings per share for the quarter stood at Rs 2.60, registering 38.97% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 15 | Jun - 14 | %Change |
| Revenues | 3,520.00 | 2,905.90 | 21.13 |
| Net Profit | 105.40 | 173.50 | (39.25) |
| Diluted EPS | 2.60 | 4.26 | (38.97) |
Shares of the company declined Rs 15, or 3.16%, to trade at Rs 460.00. The total volume of shares traded was 33,730 at the BSE (3.25 p.m., Thursday).
